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Vale announces that it has signed three agreements with local authorities and clients to jointly study the feasibility of developing industrial complexes (mega hubs) in the kingdom of saudi. Brazilian mining giant vale sa is embarking on an ambitious project to create mega hubs in middle eastern countries Vale recently announced that it has signed three agreements with local authorities and clients to jointly study the feasibility of developing industrial complexes (mega hubs) in the.
Vale had announced last year plans to develop the plants in saudi arabia, the united arab emirates and oman, saying products coming from them would include hot iron ore. The briquettes will be produced by vale at the mega. The miner has signed an agreement with local.
Vale said that the facilities at the hubs will include iron ore concentration and briquette plants
The mining giant announced last year its plans to build plants in saudi arabia, the uae, and. The first of these hubs is anticipated to become operational by 2027 Last year, vale had initially unveiled its intentions to establish these plants in saudi arabia, the united arab. Brazilian mining conglomerate vale’s recent announcement that it had successfully launched the world’s first iron ore briquette project at vitoria in the southeast of brazil, represents a further.
Under the agreement, vale will supply 4 million tons per year of iron ore agglomerates (pellets or briquettes) for the direct reduction route
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