Vale's $5.6b Perak Investment and Global Iron Ore Demand

Vale Manufacturing Malaysia Director Marcelo Figueiredo discusses:

- The reason for choosing Malaysia to build its distribution centre, jetty and shared services hub;
- Why Perak and not Selangor - PTP in Johor - Port Klang - even Singapore or Hong Kong;
- Impact for Perak: sope and size of plans, investment value;
- Repercussions in terms of jobs - skills transfer - contracts;
- Stage of completion;
- Status of land sales to KYM and KYM's future involvement;
- Status of discussions with Integrax to use their Lekir port as a transshipment terminal;
- Reports of a 677m rgt award to Netherlands-based BAM group to construct a jetty;
- WCT's earthworks contract;
- Other repercussions on other listed Malasyian companies;
- Long-term demand and price outlook;
- The risk of over-relying on Asian demand;
- Risk assessment of global demand and credit to shrink.