November 1, HBIS Chairman Yu Yong met VALE CEO Gustavo Pimenta in Beijing. In the meeting, they discussed to comprehensively strengthen their partnership and jointly reduce their carbon emission. VALE Executive Vice President of Iron Solutions, Rogerio Nogueira, President of VALE China, Tracy Xie, Asian Executive Manager for Marketing VALE, Dauter Oliveira also attended the meeting.

Yu Yong said green and low carbon development had been a consensus of the world and the future trend, it would bring profound change in the way of life, investment and energy consumption, and will also push the global supply chain and economy style to be reformed. The world steel industry and mining industry are more active and moving faster, take more diversified measures, and has established synergy in collaborated carbon reduction. HBIS and VALE are partners and accompanist on the industrial chain, and looking for new way of cooperation to build a green, low carbon and more creative partnership, to creative more value to each other and enhance the cooperation to a new high and make contribution in carbon reduction and promoting the whole industry sustainable development.

Gustavo Pimenta said HBIS was one of most important partners for VALE and we mutually trust to each other. Even facing global market challenges and difficulties, VALE is very confident for both further development. Currently, steel industry aims to enhance green and low-carbon development, VALE has taken reducing carbon footprint as the main task of future development, relying on its own strong team, actively carry out research and provide solutions for the transformation of the industry. VALE will strengthen its ties with HBIS and take full advantages of resources from each to reduce the carbon consumption in the industry and make mutual progress hand in hand, to get wilder and deeper cooperation to make more achievement.

Executives of HBIS International Trade, VALE Iron Ore Solution were also in the meeting.