Ports of Brazil and China have signed an agreement to increase the processing of iron ore

Vale's mining terminal in the port of Ponta da Madeira, located in northeastern Brazil, and the Chinese port of Qingdao have signed a cooperation agreement to boost iron ore processing operations, Vale said.

The agreement "paves the way for increased trade in iron ore between the Brazilian port terminal and the Chinese port," Vale said in a statement, adding that the cooperation aims to enhance the exchange of information, best practices and research of mutual interest, as well as mutual benefits in trade and maritime development. ways of communication between the two countries.

This will provide an opportunity to increase the level of transport and logistics services aimed at increasing the supply of iron ore; optimize processes and increase productivity; will ensure the promotion of low-carbon products and green initiatives to improve logistics processes, the Brazilian miner says.

The main terminal in the port of Ponta da Madeira ships products from Vale's mines located in northern Brazil, with an annual production capacity of 120 million tonnes. According to the company, the port has the ability to approach the berth simultaneously up to five ships, which mainly export iron ore, manganese, copper concentrate and pig iron. Last year, a total of 105 million tons of iron ore were transshipped and 112 million tons of products were shipped.
The port of Qingdao is located on the east coast of North China and receives over 100 million tonnes of iron ore per year, according to Vale.