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The original structure of the Monument to the Discoveries was created by Cottinelli Telmo, Barros and Almeida, and made of steel and cement. It was initially located at Praça do Império as part of an urban renewal project of Lisbon. Later on, in 1960 it was reinaugurated where it stands now, in Belém, facing the Tagus River. The square that leads to the Monument received a mosaic representing the Rosa dos Ventos (Compass Rose), a donation of the South African Government to Portugal.