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Vale signs iron ore shipping deal with Cosco

Move could help miner resolve ban on its ships in China
Monday, September 15, 2014 - 06:00

[RIO DE JANEIRO] Vale SA reached a deal with China Ocean Shipping Co (Cosco) for transporting iron ore, a move that could help the Brazilian miner resolve a costly two-year ban on docking its mega-ships at Chinese ports.Vale said in a statement that it would transfer ownership of four very large