Source: CNBM

Date: March 9, 2016

On March 3, Mr. Cao Jianglin, General Manager of China National Building Materials Group Corporation (CNBM), met a delegation led by Mr. Peter Poppinga, Executive Director of Iron Ore Business of Vale SA of Brazil, at the headquarters of the Group.

Mr. Cao Jianglin warmly welcomed Mr. Peter Poppinga and his delegation, and introduced the development of CNBM and the achievements of the Group in each sector. He said that CNBM kept a favorable cooperative relationship with Vale SA in iron ore business, and CNBM would continue to give a play to its own advantages, and spare no effort to support Vale SA. He hoped that both sides would intensify the current cooperation and realize a win-win situation.

Mr. Peter Poppinga thanked CNBM for its warm reception, and introduced Vale SA’s operation in 2015 and the future orientation of its iron ore business. He thought highly of the achievements under the cooperation between both sides, and especially praised the cooperation between CNBM and Vale SA in such business modes as mixed-ore and sales on a commission basis. He expected that both sides would strengthen the cooperation, further explore new cooperative modes, and work with each other to expand the market.