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Vale and Ningbo Zhoushan Port build the first innovative grinding center in China

Add Time:2021-01-14 Hits:83

On August 25, the Shulang Lake Grinding Center in Zhoushan City, Zhejiang Province, established by Vale and Ningbo Zhoushan Port Group, was completed and put into operation. This is Vale’s first innovative grinding center in China, with a rated annual production capacity of 3 million tons. The first product GF88 is designed for Chinese customers. It uses Vale’s star product Caracas powder (IOCJ) as raw material. This kind of high-grade ground iron ore concentrate provides an excellent environmental protection solution for pellet production. On November 12th, Vale and Ningbo Zhoushan Port Group signed a cooperation statement to establish a joint venture company to construct and operate the West Third District Project of the Shulang Lake Wharf. The project will bring Vale's total annual iron ore processing capacity at the Mouselang Lake Wharf to 40 million tons, with a total investment of approximately US$624 million, which is the largest investment made by Vale in a single project in China. In addition, on September 22, Rio Tinto and Dalian Port Co., Ltd. under the Liaoning Port Group signed a memorandum of understanding on cooperation to jointly develop Rio Tinto Blended Powder (RTBF) bonded blending business. This is the first time that Rio Tinto's spot products have landed in many ports in North China and East China. It is also the first time that Rio Tinto has launched a bonded blending business in a port in China. Comment: In order to better serve the Chinese market, in recent years, major mining companies have successively launched a series of businesses to improve their ability to provide Chinese customers with high-quality and stable products and meet the diversified business needs of Chinese customers. This is a manifestation of China's rise in international trade.

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