Original article by Angus Grigg
The Australian Financial Review – Page: 23 : 17-Feb-15
China will provide the 400,000-tonne Valemax-class iron ore transport ships with access to its ports, overturning a ban that has been in place for three years. China Metallurgical Industry Planning Association chairman Li Xingchuang says the move is likely to boost the market share of Brazil’s Vale. Macquarie Group’s Graeme Train adds that Vale could also overtake BHP Billiton and Rio Tinto as the world’s lowest-cost producer of iron ore
CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, VALE SA, MACQUARIE GROUP LIMITED – ASX MQG, CHINA. MINISTRY OF TRANSPORTATION AND COMMUNICATIONS, CHINA METALLURGICAL INDUSTRY PLANNING ASSOCIATION, CHINA OCEAN SHIPPING COMPANY, CMES