Brazilian iron ore miner Vale SA signed a service agreement with China’s Ningbo Zhoushan Port Co Ltd to jointly launch a new iron ore product, GF88, the Chinese port company said on Wednesday.
Under the agreement Ningbo Zhoushan Port will provide services for Vale’s new product, including site construction, grinding and processing, loading and storage, the port said on its website.
Vale said in September it would start supplying a high-grade iron ore product – GF88 – produced by grinding its flagship Carjas IOCJ 65% Fe fines in the first quarter of 2020.
“The production of GF88 does not require…
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