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.