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Vale Inks Strategic Project Agreement With China Baowu

Steel News - Published on Fri, 18 Oct 2019

Image Source: YICAI
Vale and China Baowu Iron and Steel Group Co Ltd signed strategic project agreements in Brazil on October 16 in the areas of iron and steel smelting, logistics and basic metals, in order to deepen and expand cooperation between the two sides. According to the agreement, the two sides will explore the potential for the continuation of strategic joint ventures and study strategic projects related to international basic metals. The two sides will also explore opportunities for cooperation in logistics and supply chains to effectively transport and receive the world's highest quality iron ore products.

Mr Chen Derong, chairman of China Baowu, said that “As a two-way strategic partner, China Baowu is speeding up the realization of the strategic goal of 100 million tonnes of Baowu.”

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Posted By : Amom Remju on Fri, 18 Oct 2019
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