Hong Kong-based commodities trader Noble Group, one of the largest iron ore suppliers to China, has signed a letter of intent with the Chinese authorities to build its own terminal at a port in northern China.
Harindarpal Banga, vice chairman of the Singaporelisted company, said a feasibility study would be undertaken to estimate the cost of the terminal. He declined to name the port or give more details, but industry sources speculated the company could be aiming for the terminal at Shanghai, Qingdao or Dalian. Noble made its move after...
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Approx 350 words from Bulk Materials International, May/June 2002,
page 1.
