Word: vitoria
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Dates: during 1940-1949
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Working the Mine. At Allied urging, Dictator Getulio Vargas nationalized both the mountain and the rickety, narrow-gauge railway that leads to the port of Vitoria, 375 twisting, malarial miles away. When the Rio Doce Valley Co. was formed to administer the entire property the government and private investors subscribed to its $15 million capitalization and the U.S. Export-Import Bank chipped in $19 million more...
Getting to Market. Development of Itabira has been handicapped by bad management, waste, nepotism and political featherbedding. Moreover, once the ore is dug, it is not easy to get to market. The railroad's locomotives are woodburning, its cars antiquated. Vitoria's port facilities are so poor that it takes 30 hours to load an ore ship; modern machinery could do it in 30 minutes...