Vale says favours Malaysia for pellet project

June 10, 2008

June 10th (Reuters) – Brazil’s Vale (VALE5.SA: Quote, Profile, Research)(RIO.N: Quote, Profile, Research) says it favours Malaysia for a $1 billion South East Asian iron ore pelletizing project, a company official said on Tuesday.

“We have been looking at a lot of options in South East Asia … Vietnam, Thailand Malaysia, but Malaysia has more development options,” said Renato Hendriksen, marketing manager for Vale at the Steel Oulook 2008 conference in Singapore.

 

He said the plant would have a capacity of a minimum of 7 million tonnes and would supply steelmills in Malaysia and Indonesia and as far away as India, Japan and Korea.

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