Dalian Port Group has announced that the board has agreed to establish a ore trading joint venture, Dalian Gangxin Shengshi Trading Co, with Shandong Yaochang Group, a mining and trading company based in Zibo.
Dalian Port Group will invest RMB7m to acquire 70% equity share in the joint venture.
Dalian Port is a major ore import port and ore distribution centre in northeast China, it currently operates a 300,000dwt ore terminal.