Iron ore deal
Source: Xinhua |
November 2, 2013, Saturday
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Print Edition
Print Edition
A large shipper in east China has signed an iron ore transport deal with the world’s top iron ore miner Vale, worth more than US$500 million, company sources said. Shandong Shipping Corp also inked a strategic cooperation deal with the Brazilian giant in Qingdao, where Shandong Shipping is based. Under the deals, Vale has delivered four 400,000-ton ore vessels to an alliance initiated by Shandong Shipping.
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