133 direct and indirect employees
Start of commercial relations
40% of Vale’s total sales accounted for by China
Vale and China have a long-term partnership that has developed over the past 40 years. It all began in 1973, when the company sold its first vessel of iron ore to the People’s Republic of China. Find out more at www.vale.com/china.
t all began in 1973, when the company sold its first vessel of iron ore to the People’s Republic of China. As Vale’s supply of iron ore to China gradually expanded, in 1994 the company decided to further expand its partnership with the country by opening an office in Shanghai. This pioneering step was aimed at getting a better understanding of the Chinese market and developing more business in the country. The plan was so successful that Vale ended up establishing itself definitively in the country.
Today, the company participates in several coal, nickel and iron ore pelletizing operations in the Chinese cities of Zhuhai, Anyang, Yanzhou, Yongcheng and Dalian. Vale has also developed close relations with Baosteel, the country’s largest steel producer, which began producing steel in 1985. The companies now work together at Água Limpa mine, in Minas Gerais, Brazil. We also operate a nickel refinery in China.
China is also an important supplier of services and products to Vale. Over the last six years, the company has bought more than US$1 billion of high-quality items from China. The main acquisitions have been railway machinery and parts, ship unloaders, shipyard machinery and steel structures used in the company’s operations across the world. Most part of the Valemax ships, the world’s largest ore carriers, was built by Chinese companies.
Vale has reserved part of its efforts to contribute to the development of local communities in China. Following the earthquakes that struck the cities of Sichuan and Qinghai in 2008 and 2010, the company helped to build four hope schools, benefiting more than 1,200 local students.
In 2011, Vale entered into a partnership with the Ministry of Environmental Protection, which resulted in the creation of an innovation program for environmental protection in Western China. The company has invested RMB1.8 million in the partnership, allocated to seven projects successfully carried out between 2011 and 2013.
Located in the province of Henan, this plant has the capacity to produce 1.2 million metric tons of iron ore pellets per year.
Vale participates in another iron ore pellet plant, in Guangdong province. The plant is part of the Yueyufeng Steelmaking Complex, which features port facilities to receive pellet feed produced at Vale’s mines in Brazil. Zhuhai Yueyufeng Iron & Steel, located within the same complex, is the pelletizing plant’s main customer.