As Brazilian miner Vale prepares to set up its own iron ore distribution centre in China, the company has signed a cooperation pact with Dalian port to distribute up to 10 mt of the ore annually until the end of 2020.
The move is to bring down the high freight costs due to its geographic disadvantage compared with its main Australian rivals BHP and Rio Tinto....
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This complete item is approximately 200 words in length, and appeared in the November/December 2009 issue of Bulk Materials International, on page 2.
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