Brazilian mining giant Vale has inaugurated a new $1.37bn iron ore distribution centre in the Straits of Malacca, Malaysia. Known as Teluk Rubiah Maritime Terminal, the distribution centre can handle 30 million tonnes of iron ore a year and features a deep water wharf and five stockyards where different types of iron ore can be blended and customised to the needs of regional steelmakers.
According to data from the World Bureau of Metal Statistics, the production volume of iron ore in Malaysia was about 4.16 million metric tons in 2019.
Iron ore Currently there are 98 iron ore mines in operation in Malaysia. Most of them are small mines operating in Johor, Kedah, Kelantan, Malacca, Pahang, Perak and Terengganu. In 2012, the annual production of iron ore was 10,077,136 tons.
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The has ventured into the mining and trading of mineral resources with its involvement in the prospecting and mining of tin in Malaysia. Active exploration for iron ore is being undertaken in Malaysia, Cambodia and Indonesia as iron ore is a crucial raw material for iron and steel making.
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Vale has launched its iron ore distribution centre in Perak, Malaysia, and will invest $1.4bn for the first phase of the project. The centre will have a throughput capacity of 60Mtpa Vale will transport the iron ore from Brazil in very large ore carriers to be distributed to clients across the Asia Pacific region.