Brazilian firm allocates $306m for Oman project in 2011

08 November 2010

Brazilian mining firm Vale has allocated $306m for the operations of its Pelletizing Plant and Distribution Centre in Oman as part of the $1.35bn project in Sohar, Oman Daily Observer has reported. The project is to add 9 million metric tonnes (Mpty) to Vale’s annual capacity of 45.3 Mtpy. With operations scheduled to commence by the beginning of 2011, the project will serve as a pellet feed to Vale’s clients in the Middle East, North Africa and India.

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