Dalian: Northeast Chinese port operator, Rizhao port, announced that the company is to set up a jv with Shandong Iron & Steel and Shandong State-owned Assets Investment Holdings to develop iron ore terminal projects at Rizhao port.
The project will engage in the construction, operation, management of iron ore terminal and logistics business of bulk cargos with a total investment of RMB100m.
The new jv will be located at Lanshan port area of Rizhao port, and will add around 20m tons iron ore handling capacity per year when completed, Rizhao port said in a statement. [30/20/13]
