Chinese steelmaker Anyang Iron and Steel and giant Brazilian miner Vale have commenced construction of their joint venture pellet plant in the eastern Chinese province of Henan where the Chinese mill is based.
The new pellet plant will have an annual capacity of 1.2 million mt of high quality pellets and will be built at the cost of an investment of RMB 625 million. The project has been designed by Shougang International Engineering Technology Co., Ltd., and manufacturing technology is expected to reach the highest international levels. The project marks Vale's first overseas joint venture for the construction of a pellet plant.