The two firms intend to boost storage and handling facilities at two ports in the northeast of China’s Hebei province.
Vale
Battery powered electric mining trucks point way towards a more sustainable product line for industry.
Plans include developing metallic plants outside China to supply Valin and adopting advanced technologies.
Brazilian multinational aims to focus on core businesses and become world leader in low-carbon mining.
Vale aims to reduce its carbon emissions by 33 per cent over the next nine years and achieve net-zero emissions by 2050.
Top quality ore and top prices mean healthy profits, but analysts fear pressure from China could have a negative effect.
Based on the island of Sulawesi, the project’s initial production target will be 73,000 tonnes a year using eight rotary kiln electric furnaces.
