Brazil mining giant Vale agrees deal with China port to expand iron ore handling capacity

//Brazil mining giant Vale agrees deal with China port to expand iron ore handling capacity

Brazil mining giant Vale agrees deal with China port to expand iron ore handling capacity

Brazilian iron ore mining giant Vale has struck a deal with Chinese state-owned port operator Ningbo Zhoushan Port to create additional capacity to handle iron ore shipments at Shulanghu Port as it moves to increase its market share in China.The US$624 million project in Zhoushan, Zhejiang province, is particularly strategic for Vale as it increases the amount of iron ore the miner can ship to China.The joint venture, known as the West III Project, will allow for the handling of an additional…

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By | 2020-10-13T04:30:21+00:00 October 13th, 2020|World|Comments Off on Brazil mining giant Vale agrees deal with China port to expand iron ore handling capacity