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Vale opens iron ore distribution centre in Malaysia Vale Malaysia Minerals Sdn Bhd, a subsidiary of Brazil-based global mining company, Vale S.A, officially opened its RM4.58 billion iron ore distribution centre in Teluk Rubiah, in Lumut, Perak, yesterday.
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As of 2013, there were 98 iron ore mines in Malaysia, scattered throughout Pahang, Johor, Perak, and Terengganu. Malaysia has a known iron ore reserve estimated at RM17 billion (as of 2013).
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(Nov 7): Vale SA inaugurated a $1.4 billion port terminal in Malaysia today as the world's biggest iron ore producer seeks to cut costs of shipping to …
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