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Vale scraps iron ore terminal plans at Ningbo

The industrial conveyor belt between Brazil and China has suffered a glitch. Brazilian miner Vale has scrapped plans first announced two years ago to form a joint venture with China’s Ningbo Zhoushan Port to build, own, and operate a giant valemax terminal at Shulanghu Port in Zhoushan.

Original plans had called for the development of valemax berths and stockyards capable of handling up to 40m tons of iron ore a year.

The two parties said this week the decision had been taken to scrap the terminal plan due to policy changes at the port, and that the original intended site will now be used for other purposes.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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