CVRD to supply half of Anyangs imported iron ore
The recent arrival at
Chinas Qingdao Port of a cargo ship carrying 170'000 tons of
iron ore from
Brazil marked the formal establishment of cooperative partnership between
Chinas Anyang Steel and Brazilian mining company CVRD.
In May 2004, the two companies inked a six-year
iron ore supply deal that guarantees Anyang a total of 6.25 million tons of ore over the course of the contract. Anyang is also entitled to an additional 1.5 million tons depending upon CVRDs
production.
Anyangs 2004
iron ore imports amounted to 2.2 million tons. The agreement with CVRD thus means that the Brazilian company will supply almost half of Anyangs annual
iron ore import needs.
In addition to CVRD, Anyang also imports
iron ore from South
Africa,
Australia,
India,
Iran and
Mexico.