Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Vale aims to build giant Malaysian ore terminal

Vale aims to build giant Malaysian ore terminal

Kuala Lumpur: Discussions on the proposed opening of an iron ore production and distribution hub in Malaysia by Brazil's Vale SA are at the final stage and construction work for the 8.5bn Ringgit (US$2.51bn) project is expected to begin soon. The investment is designed to enlarge Vale's market presence in Asia once the distribution centre is up and running some three years from now. Vale believes the project in Teluk Rubiah, Lumut, could start this year. [12/02/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.