ArcelorMittal and Vale oppose new Brazilian deepwater port

In Brazil,Vale,ArcelorMittal, Gerdau and Usiminas have asked the Espirito Santo Port Company (Codesa) not to build a super port in Praia Mole, but instead move it to Ponta da Fruta. They argue that companies already located at the former site would be severely impeded should they decide to expand existing facilities. Both Vale and Arcelor already operate there. However, were the new port to be built in Ponta da Fruta, it would have a negative affect on numerous local residents and fishermen, as well as causing environmental degradation to the local beach.The cost of building the deepwater port at the alternative site would also be significantly more expensive.