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  #1  
Old 21-01-2010, 01:52 PM
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Default Vale to invest RM3bil in Perak

Vale to invest RM3bil in Perak

By ERROL OH
errol@thestar.com.my



PETALING JAYA: With land and port deals virtually sealed, a Brazilian mining giant’s plan to build a distribution centre in Perak is set to kick off this year.
According to Vale SA, the first phase will involve US$900mil (RM3bil) in capital expenditure, including US$98mil (RM333mil) in 2010.
Vale, which describes itself as the second largest diversified metals and mining company in the world, expects to enlarge its market presence in Asia once the distribution centre is up and running some three years from now.
The centrepiece will be a pelletising plant, which converts raw iron ore into pellets that are used in steel production.
“In 2010, we will be able to commence construction of a distribution centre in Teluk Rubiah, Perak, near the Straits of Malacca,” Vale said on its website, adding, however, that its board of administration had yet to approve the project.
The Vale project took a significant step forward on Tuesday when KYM Holdings Bhd said its agreement to sell 16 parcels of land in Teluk Rubiah, Manjung, to Vale International SA, had become unconditional. KYM and Harta Makmur Sdn Bhd, a 54% subsidiary, are disposing of the 166ha for almost RM102mil cash.
The agreement also included an option for Vale International to purchase 13 more parcels of land (about 306ha) for RM93.8mil cash.
This came less than a month after Integrax Bhd announced that 80%- owned Lekir Bulk Terminal Sdn Bhd had entered into an agreement with Vale International to provide the latter with transhipment services for iron ore cargo at a bulk terminal at Pulau Lekir Satu, also in Teluk Rubiah, over 10 years.
Integrax said the Dec 29 deal would result in additions of handling equipment and systems, and expansion of the marine infrastructure at the Lekir Bulk Terminal.
There has been much anticipation over the project since it was reported in June 2008 that Vale favoured locating a US$1bil pelletising plant in Malaysia to cater for the Southeast Asian market.
A year after that, Perak Mentri Besar Datuk Seri Dr Zambry Abd Kadir said a South American multinational was investing RM9bil in an iron ore distribution centre for Asia in Perak.
This was soon followd by KYM’s announcement of the proposed land disposal to Vale International.
At that point, in response to an email from StarBiz, Vale would only say that it was still studying plans to invest in pelletising plants and distribution centres in China, Middle East and South-East Asia.
However, it seems apparent from the statements on its website that Vale is now ready to proceed with what it calls its “Malaysia project”.
It said this would include a seaport terminal with sufficient depth to accommodate ships of 400,000 dead weight tonnes (dwt) and handling capacity for moving up to 30 million tonnes of iron ore in the initial phase, with an option to expand facilities to handle 90 million tonnes in the future.
The distribution centre is scheduled to begin operating in the first half of 2013.
On the website, Vale said building distribution centres in Asia was an important part of its marketing strategy.
“These centres will be run as ‘virtual mines’, giving more flexibility to our customer service capabilities and increasing our competitiveness, a key factor given the enormous distance that separates our Brazilian iron ore mines from Asia,” it added.
“At the same time, we will use these centres to customise our iron ore with the aim of increasing Asian market penetration, which is going from strength to strength.”
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Old 22-01-2010, 08:20 AM
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I hope this won't be a dirty polluting industry which would severely affect air quality in Manjung, Lumut, Sitiawan.
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Old 25-01-2010, 04:08 PM
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Published: Monday January 25, 2010 MYT 3:15:00 PM

Vale's iron ore hub project in final stage



IPOH: The proposed opening of an iron ore production and distribution hub in Manjung by Brazilian Vale SA is in the final stage, and construction work for the RM8.5 billion project is expected to begin soon.


Perak Menteri Besar Datuk Seri Dr Zambry Abdul Kadir said all processes relating to the project were ongoing smoothly but the state government was still waiting for the company to submit the second environmental impact assessment (EIA) report.


"We have asked for another EIA report and Vale has almost completed it.
"For your information, they have prepared an EIA report before this but the state government has requested for another EIA report because it is a big project," he told reporters after launching the "The Ambassadors Forum 2010" here on Monday.


He dismissed allegations that the first EIA report had shown that the iron ore production and distribution hub project would cause pollution which would adversely affect the tourism industry in Manjung.
"No pollution; it just states the causal effects and precautionary measures that need to be taken. It does not tell about pollution that will happen," he said.


Vale was reported to have said that the project in Teluk Rubiah, Lumut, could start this year, involving a capital expenditure of US$900 million (RM3 billion) for Phase One including US$98 million (RM333 million) for 2010.
Vale, which describes itself as the second largest diversified metals and mining company in the world, expects to enlarge its market presence in Asia once the distribution centre is up and running some three years from now.
The centrepiece will be a pelletising plant, which converts raw iron ore into pellets that are used in steel production. - Bernama
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Old 26-01-2010, 09:46 AM
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The worst thing that can happen is that the used acid from the smeltering process would be disposed in an uncontrolled manner leaking into public drains and rivers etc.
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Old 26-01-2010, 02:25 PM
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Perakians, please monitor these people carefully, and the long term effects it will have on Perak's future.

Some environmental considerations
This section is designed to give you a brief idea of the sort of environmental issues involved with the extraction of iron and its conversion to steel. I wouldn't claim that it covers everything!


Environmental problems in mining and transporting the raw materials
Think about:
  • Loss of landscape due to mining, processing and transporting the iron ore, coke and limestone.
  • Noise and air pollution (greenhouse effect, acid rain) involved in these operations.
Extracting iron from the ore
Think about:
  • Loss of landscape due to the size of the chemical plant needed.
  • Noise.
  • Atmospheric pollution from the various stages of extraction. For example: carbon dioxide (greenhouse effect); carbon monoxide (poisonous); sulphur dioxide from the sulphur content of the ores (poisonous, acid rain).
  • Disposal of slag, some of which is just dumped.
  • Transport of the finished iron.
Buildings and environment in the vicinity of this plant will be affected, that's for sure!! No amount of money is worth the lives and health of you and your family.
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Old 13-05-2010, 04:20 PM
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Perak reps to visit Brazil’s mining facilities

WENZHOU : Perak will be sending an Environmental Impact Assessment (EIA) team to visit Vale SA's mining facilities in Brazil in July or August, Senior Executive Councillor Datuk Hamidah Osman said.

"I will visit Vale together with the EIA technical team as instructed by Menteri Besar Datuk Seri Dr Zambry Abdul Kadir.

"If the outcome from the visit is positive, I think the second EIA report will be passed," she told Bernama when asked to update on Vale's plan to set up an iron ore distribution centre in Teluk Rubiah near Lumut, Perak.

Vale is the second largest diversified metals and mining company in the world. It was reported that the first phase of the project, set to kick off this year, will involve US$900 million (RM3 billion) in capital expenditure.

Hamidah is on a trade and investment mission to Wenzhou and Shanghai, China, from May 10 to 15.

She said the visit to Brazil was to see Vale's facilities and its technology "to ensure the plant that will be build in Perak will not pollute the environment".


Vale was confident that it would meet the EIA requirements, she added.

She said the state government would be looking to engage with local stakeholders as soon as it received the outcomes from the visit.

Hamidah said the land and port deals had been virtually sealed and the state government had in early this year requested for a supplementary EIA from Vale.

Vale had provided a preliminary EIA some time ago but Perak was asking for another report as it was a huge project. - Bernama
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Old 13-05-2010, 06:00 PM
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Quote:
Originally Posted by fortune
Perak reps to visit Brazil’s mining facilities

Vale was confident that it would meet the EIA requirements, she added.


I'll believe her if she buys a house next to the plant and live there!
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