China\u2019s Zhoushan Port Plans Bunker Hub Expansion<\/a><\/strong><\/p>\n<\/p>\n
Vale, the world\u2019s second-biggest iron ore miner, and Ningbo Zhoushan Port will each hold 50% in the joint venture (JV), whose planned creation was flagged in a filing last month. It will have registered capital of 1.5 billion yuan.<\/p>\n
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\u201cIt is proposed to build an iron ore storage yard, with a maximum capacity of 4.1 million tonnes, an ore blending and processing facility and two shipping berths,\u201d Zhejiang Free Trade Zone said on its official Wechat account.<\/p>\n
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The blending and processing facility will have annual capacity of 21 million tonnes of ore per year, it added.<\/p>\n
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\u201cThe construction of this project will further strengthen the distribution capacity of the Shulanghu ore transfer terminal,\u201d the statement said, referring to the site of the grinding hub, where Vale is producing high-grade iron ore fines.<\/p>\n
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($1 = 6.6094 Chinese yuan renminbi) (Reporting by Min Zhang and Tom Daly; Editing by Kirsten Donovan)<\/p>\n
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(c) Copyright Thomson Reuters 2020.<\/em><\/p>\ngCaptain<\/p>\n","protected":false},"excerpt":{"rendered":"
BEIJING, Nov 13 (Reuters) \u2013 Brazil\u2019s Vale and China\u2019s Ningbo Zhoushan Port have signed a deal to invest around 4.3 billion yuan ($650.6 million) in iron ore storage and processing facilities in Zhejiang, a local government statement said on Friday. The move follows the two firms\u2019 inauguration of a grinding hub at the port in …<\/p>\n","protected":false},"author":1,"featured_media":21441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[777,1202,2136,1291,2137,953,4033,1408,2135],"class_list":["post-21440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marine-world","tag-chinese","tag-deal","tag-iron","tag-million","tag-ore","tag-port","tag-sign","tag-storage","tag-vale"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/21440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=21440"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/21440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/21441"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=21440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=21440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=21440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}