Vale enters Chinese joint venture

Vale enters Chinese joint venture

Project & Infrastructure Finance Brazil China Asia

Brazilian mining company Vale said Friday that it has entered a joint venture with China's Ningbo Zhoushan Port Co to build and operate a project that is expected to double capacity at the port of Shulanghu on the East China Sea. Vale will own 50% of the joint venture that will develop the West III project, which consists of building a new stockyard and two loading berths to handle another 20 metric tons of cargo per year, the Rio de Janeiro-based miner said in a statement. The project is expect

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial