Exclusive Interview | "China's High Quality Development makes Important Contributions to Global Energy Transformation" - Interview with Vale's Director of Foreign Affairs, Biscalci

2024-03-08

"China's high-quality development is making an important contribution to the transformation of the global energy industry. In 2023, Vale was able to achieve its goal of 100% renewable energy supply in Brazil two years ahead of schedule, thanks to the contribution of Chinese made photovoltaic modules and spare parts." The Director of External Affairs of Brazilian mining giant Vale, Biscalci, said in a written interview with Xinhua News Agency. For this Fortune 500 company, 2023 is a year of remarkable achievements. In this year, Vale exported 186 million tons of high-quality iron ore to China, accounting for 61.7% of its annual iron ore sales; As of last year, the company has exported over 3 billion tons of iron ore to China. Biscalci said, "This has very special significance for us because last year coincided with the 50th anniversary of Vale's first shipment of iron ore exports to China." Over the past 50 years of cooperation with China, Vale has witnessed the continuous improvement of the business environment in the Chinese market. "In recent years, China has introduced policies and measures such as the Implementation Regulations of the Foreign Investment Law, continuously optimizing the foreign investment environment. In our practical work, we have also truly felt the Chinese government's concern, importance, and support for foreign-funded enterprises. The Chinese government always responds to our concerns in a timely manner and helps to solve them." He recalled that at the end of last year, due to the involvement of the new iron ore import license system, The customs clearance efficiency of iron ore transported from Vale to China has been affected. "To this end, we contacted the Shanghai Municipal Commission of Commerce and the China Minmetals and Chemicals Import and Export Chamber of Commerce, reflecting on our actual situation and challenges. What moved us was that they provided us with careful guidance and assistance as soon as they understood the situation, allowing our business to proceed smoothly. It is this service awareness and work efficiency that has made China a hot spot for foreign investment and development in recent years.", Vale has also witnessed the driving effect of China's high-quality development on the global energy industry. Biscalci said, "The contribution of China's high-quality development to the global energy transformation is deeply appreciated by Vale. Last July, we reached the maximum power generation capacity in the" Cerrado Sun "solar park in Minas, Brazil, which is equivalent to the annual electricity consumption of a city with 800000 residents.". The park uses photovoltaic modules and spare parts provided by Chinese enterprises, which is a model of close cooperation between Vale and China in the field of energy transformation He emphasized that China actively promotes the continuous optimization and upgrading of traditional industries and has achieved fruitful results, from which Vale has seen important development opportunities. "In recent years, we have developed a series of innovative decarbonization solutions. We look forward to leveraging high-quality iron ore products and innovative solutions to help China's steel industry achieve decarbonization and green transformation as soon as possible." Biscalci stated that China has been Vale's largest market since 2006 and has been a sales destination for over 50% of its iron ore products since 2014. At the same time, China is also a key supplier of equipment and services for mining, infrastructure, logistics, and other industries in Vale. "The achievements we have already made cannot be separated from China, and future development also requires China." (Le Xin She)

Edit:Yi Jing    Responsible editor:Li Nian

Source:XinhuaNet

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