Big spend for Vale

Congestion at the port of Santos could be substantially relieved within the next three years following the expansion of Terminal Marítimo da Ultrafértil (TUF), owned by CVRD (Vale)

Unlike Bunge and Cosan, which withdrew their opposition to the auction of Brazil’s Maranhão Grain Terminal (Tegram), Cargill is continuing its action in the federal court in Brazil in an attempt to have the whole process conducted by Empresa Maranhense de Administração Portuária (EMAP) annulled.

Itaguaí could well have a fifth cargo terminal, which will also be dedicated to dry bulk traffic.

Brazilian mining company CVRD, which has a concession to mine coal at Moatize in the western Mozambican province of Tete, has announced that it is no longer interested in making use of the northern port of Nacala to export coal.

CVRD and the Rio de Janeiro Port Authority have reached an agreement whereby the iron ore terminal in the Port of Sepetiba will be adapted to handle soya grain as well. Such a change of use was envisaged in the original concession document.

China appears intent on asserting its buying power ahead of current contract iron ore pricing negotiations by threatening to curb iron ore imports.