Sao Luis (Port)
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Vale Opens Giant Amazonian Iron Ore Mine
Brazil's Vale has inaugurated its biggest mining project ever, lowering costs in a cut-throat market and reasserting its place as the world's biggest iron ore producer. The S11D mine in the Amazonian state of Para will add 75 million tons of production when it reaches peak output in four years, lifting Vale over Australia's Rio Tinto, which had rivaled its output after years of stagnation. Vale Chief Executive Murilo Ferreira said at the inaugural ceremony that the company had staked its future on the giant mining project even as iron ore prices plunged in recent years. "Despite the stunning drop in revenue during execution of the project ... we plowed on with S11D," Ferreira said, noting that the price of iron ore had dropped from $191 per ton in 2011 to $37 per ton in January. Vale posted its biggest loss ever last year due to falling ore prices and the huge cost of carrying out the project. The company invested $14.3 billion in the mine and processing facilities, along with the expansion of a rail line that will carry ore some 1,000 kilometers (621 miles) to a new port terminal for loading onto the world's largest iron ore ships. Out of the $ 14.3 billion invested in the project, $ 6.4 billion went to the mine and plant, $ 7.9 billion to the railway and the Ponta da Madeira Maritime Terminal in São Luís. The new berth on Pier IV in Ponta da Madeira is being hot commissioned. As of November, five vessels, totalling 1.3 million tons of iron ore, have already been loaded through the new berth. http://www.maritime-executive.com/article/vale-opens-amazonian-iron-ore-mine
Greenpeace blocks Brazil port of Sao Louis to protest partial veto of land-use bill
The environmental organization Greenpeace blocked a freighter from being loaded with iron in the port of Sao Luis in the northern Brazilian state of Maranhao in protest against the partial veto by President Dilma Rousseff of a widely criticized land-use bill. A group of 14 Greenpeace activists sailed into the port on their ship, the Rainbow Warrior, and several climbed onto a crane that was about to load a cargo of pig iron, the raw material of iron and steel, on the freighter Clipper Hope, property of the Viena iron and steel works, the NGO said in a communique. Read more: http://latino.foxnews.com/latino/news/2012/05/26/greenpeace-blocks-brazil-port-to-protest-partial-veto-land-use-bill/#ixzz1w1CUnu7h
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