Vale still looking for licenses for iron ore distribution centres in China

Apr 30, 2012 | 04:15 AM |

Vale is still trying to obtain licenses to build iron ore distribution centres in China, which would give it more operational flexibility within its main market. “Until this moment we have not obtained the licenses to operate the centres,” José Carlos Martins, Vale’s director of iron ore and strategy, said during a conference call late last week. In mid-2009, Vale said it....

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