October 12, 2020
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
Brazilian miner partners with Ningbo Zhoushan to double capacity at the port of Shulanghu