10
Jul
09:30
Vale invests in iron ore railway transport project
Vale is to increase its iron ore shipments through the northern logistics corridor in Brazil following a major investment in a railroad project in the north-eastern Maranhão State, Kallanish notes.
Vale could grow its raw material loadings from the current 215 million tonnes/year to near 240m t/y after the completion of the project.
“The total investment at the Estrada de Ferro Carajás iron ore freight railway is BRL 19 billion ($3.55 billion)…
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Anonymous
Very good overview of the weekly steel market.
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