Dalian: Dalian Port has signed a cooperation agreement with Brazilian mining giant Vale on August 25th. The port will provide services such as unload, stock and distribution to the mining giant before the agreement expires atthe end of 2020.
As China's biggest iron ore provider, the company exported 70 million tonnes to the country in 2006 and 100 million tonnes in 2007.
Vale's giant plans to build 12 300,000 tonnes iron ore vessels to better serve Chinese customers and seek cooperators to provide stable supply.
Dalian Port is one of China's large coastal ports. It can unload 15 million tonnes of iron ore every year. The existing two storage yard can stock 4.6 million tonnes and the figure will expand to 6 million tonnes after the third one is completed. [28/8/08]
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