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Article: Brazil : Vale announces US$4bn in port investments, training for employees.
- Article from:
- TendersInfo
- Article date:
- October 3, 2008
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Byline: pinto03
Brazilian Miner Vale announced a US$4bn investment plan for the expansion of its local port terminals to be carried out from 2008-12. "Everything will double, including our export capacity," director of ports and shipping Humberto Freitas said in a statement.
Of the total port investment, US$3.6bn will be intended for improvements at the Ponta de Madeira port in Maranhao state, in order to permit growth at the Carajas mine in neighboring state Para, the statement said.
Shipments at the Ponta da Madeira port should reach 260Mt in the next four years from the current 130Mt. The idea is to ensure that the company can handle the ...