To jointly forge an overseas alliance-XCMG signed a memorandum of understanding (MOU) with Vale, a world-renowned mining company pressreleasepoint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressreleasepoint.com Daily Mail and Mail on Sunday newspapers.
Vale, one of the world's largest iron ore producers based in Brazil, said on Wednesday that it has signed a memorandum of understanding with XCMG Construction Machinery Limited, a subsidiary of Xuzhou Construction Machinery Group Co Ltd, which is China's largest machinery manufacturer, for the potential supply of mining and infrastructure equipment, including zero-emission and autonomous equipment.