Adani Ports, NMDC And Vale Sign MoU To Develop Iron Ore Blending Hub At Gangavaram Port

Adani Ports, NMDC, and Brazilian mining giant Vale have entered into a Memorandum of Understanding (MoU) to establish an iron ore blending hub at Gangavaram Port in Andhra Pradesh. The agreement was formalized during the India-Brazil Business Forum Summit held in New Delhi, coinciding with the official visit of Brazilian President Luiz Inacio Lula da Silva. This collaboration aims to enhance the efficiency of iron ore processing and distribution in India, tapping into the growing demand for iron ore in the domestic market. The partnership is expected to leverage Vale's expertise in mining and logistics alongside Adani's extensive port infrastructure. The development of the blending hub is anticipated to bolster India's iron ore supply chain and contribute to the country's economic growth. As India continues to strengthen its trade ties with Brazil, this MoU represents a significant step in fostering bilateral cooperation in the mining sector.