Vale forms JV with Ningbo Zhoushan to operate port expansion project

Vale’s subsidiary Vale International SA has formed a joint venture with China’s Ningbo Zhoushan Port Company Lt, to build, own and operate the West III Project in Shulanghu Port, Zhoushan city. The project consists in expanding Shulanghu Port facilities, developing a stockyard and loading berths with an additional 20 mn t pa capacity & it will secure a total port capacity of 40 mn t pa, which will help Vale to optimize its overall supply chain costs.