Rio Tinto launches iron ore averaging project in Dalian port


Rio Tinto Mining Commercial (Shanghai) Co., Ltd. i Dalian Port Co. Ltd. signed a memorandum of understanding in the field of cooperation in the storage, transshipment and transshipment of iron ore, Xinhua News Agency reported on September 22. The companies will also cooperate in the operations of the free trade zone, as well as engage in the construction of an iron ore distribution center in Northeast Asia, the memorandum says. Following the signing of the memorandum in the customs control zone of the port, operations to average iron ore began. For the first time, Rio Tinto began averaging operations in Chinese ports. This collaboration will not only bring high-quality products closer to the markets, but also effectively reduce costs at both ends of the supply chain, said Dalian Port Deputy Director General Tai Jinan. The port owns a specialized ore terminal, which can handle ore vessels with a carrying capacity of up to 400 thousand tons. Since the start of its business in 2016, the company has produced more than 46 million tons of iron ore.
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