Anyang, Vale partner one million ton pellet venture

Anyang Iron & Steel Group Co. Ltd and Brazil-based Vale have signed 1.2 million ton pellet joint project. This joint venture funded a total of Rmb625 million (US$91 million) and adopting the world advanced equipment and techniques is functioning as a complement project and also will have significance in expanding and forging long term cooperation and extending industrial chains for the steel group. To Vale, the cooperation is a milestone in its development for it is the first joint pellet plant overseas that it involves itself in but is not one of the result of acquiring. Anyang Iron & Steel Group made huge development in the past 50 years capable to produce 10 million tons of steel products a year. Vale claims to be the world's biggest iron ore producer and exporter and also the No. 1 mining company in America continent boasts significant influence inside and outside the industry.Air Foamposite One