https://www.miningweekly.com

Vale starts up iron-ore grinding hub in China's Zhoushan

25th August 2020

By: Reuters

  

Font size: - +

BEIJING – Brazilian mining giant Vale said on Tuesday it has started producing high-grade iron-ore fines for pelletizing at its new grinding hub with China's Ningbo Zhoushan Port Group (NZP Group) in eastern Zhejiang province.

The hub, located in the Shulanghu Ore Transfer Terminal in Zhoushan city, has three production lines and an annual capacity of three-million tonnes of ground iron ore fines, Vale said in a statement.

The new product, known as GF88, is based on Vale's flagship Carjas IOCJ 65%-iron fines, and will be used to feed growing demand for pellets in China's mammoth steel sector, according to the miner.

"It enjoys high iron content, low impurities and low loss-on-ignition characteristics," Marcello Spinelli, executive director of Ferrous Minerals of Vale, said in the statement.

China, the world's top steel producer has been looking to minimize pollution in its heavy industry. The use of pellets in steelmaking can cut emissions of sulphur dioxide and nitrogen oxide.

Vale is the biggest producer of pellets and pellet feed in the world. It teamed up with NZP Group in 2016 to produce Brazilian Blended Fines and signed an agreement to launch the GF88 in December last year.

China's iron ore imports have surged in recent months, htting a record in July, as the economy bounced back from disruptions caused by the coronavirus pandemic, while domestic prices have jumped over 60% this year.

Edited by Reuters

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION