Brazilian miner of iron ore Vale SA is thinking about loading its very large ore carriers, called Valemax ships, at the northern Brazilian port of Alcântara,
where the water is deep enough for them, the South China Morning Post reports, citing port operator Grão-Pará Multimodal (GPM).
The Hong Kong newspaper quotes GPM Executive Director Paulo Salvador as saying Vale is considering increasing shipments of iron ore from Alcântara
now that the authorities in China have given permission for Valemax ships
to use another four Chinese ports.
Mr Salvador said the use of Alcântara by Vale would improve the chances
of GPM obtaining US$1.5 billion, from sources that include Chinese
investors, for improving the port.
One improvement would be a railway to serve the port, and GPM and
two Chinese state-owned enterprises, China Railway Tenth Engineering
Group Co. Ltd and China Railway 20 Bureau Group Corp., have begun
talks about building it, the South China Morning Post quotes Mr Salvador as saying.
(Source) Permanent Secretariat to the Forum for Economic and Trade
Co-operation between China and Portuguese-speaking Countries (Macao):https://www.forumchinaplp.org.mo/vale-mulls-loading-valemax-ships-at-alcantara-in-brazil/
