Port of Zhanjiang in the southeastern Chinese province of Guangdong is planning to build a terminal with an annual capacity of 400,000 mt at an investment cost of RMB 1 billion ($146.47 million) to meet the requirements of large ships coming from Brazilian iron ore miner Vale, Zhanjiang Port Group chairman Zheng Riqiang has stated.
Mr. Zheng also said that preparatory work will be completed with the current year and that construction will commence next year.