Brazil’s mining giant Vale is installing one of the country’s largest battery energy storage systems to supply electricity to its ore terminal in Ilha Guaiba Terminal in Rio de Janerio.

Brazil’s Vale and China’s Ningbo-Zhoushan Port Group have inaugurated the operation of the Shulanghu Grinding Hub at Ningbo-Zhoushan port.

Brazil’s Vale has updated that operations at its Malaysian iron ore terminal will carry on, following an announcement last week that operations may be temporarily suspended due to the novel coronavirus (COVID-19).

Brazil’s mining giant Vale is considering a temporary closure of its Malaysian distribution center Teluk Rubiah Maritime Terminal (TRMT), which would result in 800,000 tonnes of lost iron ore shipments over the first quarter of 2020.

Brazil’s Vale and China’s Ningbo Zhoushan Port Group have signed a memorandum of understanding (MOU) to further deepen their cooperation.

Brazilian courts have again halted operations at Vale’s Brucutu mine, and the Baltic Dry Index (BDI) has dropped back below the 1,000 points level.

The world largest iron ore supplier Vale’s Beijing representative met with the Transportation Department of Jiangsu Province, China with an aim of strengthening the bilateral cooperation.