Brazil’s Vale invests to get around Chinese megaship ban

Brazilian diversified mining major Vale, the world’s number two mining group in terms of market capitalisation, Has announced that it is to establish a second floating iron ore transfer station, in Subic Bay in the Philippines. This station will...

Vale to build second iron ore storage ship in Asia

Vale will build a second floating iron ore storage vessel in Asia to feed shipments to its main market, China, a senior company official said on Monday, as the Brazilian miner works around Beijing's ban on its huge dry bulk ships. China, the...

Vale targets China firms over mega ship standoff

Brazil's Vale , the world's largest iron-ore producer, has stopped hiring vessels from some Chinese shipping firms in retaliation for Beijing's efforts to keep the miner's huge ships out of the country, traders and industry sources said. Chinese...

With China shut, Vale iron-ore ships head to Philippines

Two of the world's biggest iron ore carriers are due to arrive in the Philippines for the first time next month, shipping data showed, as Brazilian mining giant Vale looks to use the country as an alternative base to reach Chinese ports. China,...