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Valemax No. 8 has not even loaded its first ore and it's already worth 36% less than it cost

Frik Els | April 04, 2012 | 10:07 pm China Europe Iron Ore 

Executives at world number one iron ore miner Vale told Reuters it expects to receive the go-ahead "within months" to unload the company's massive Valemax vessels at Chinese ports. The dry bulk carriers are 362-metre-long and 65 metre wide vessels...

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