Saturday, 19 Feb 2011
It is reported that Brazilian miner Vale SA has started test production at a new USD 1.356 billion iron ore palletizing complex in Oman.
Commercial production at the first pellet plant now being started up is due in March and the first product shipment is expected in May.
Vale's Oman industrial complex includes two pelletizing plants each with a capacity of 4.5 million tonnes a year of direct reduction pellets for use in steelmaking, as well as a distribution center with capacity to handle 40 million tonnes a year of pellets and a deep water bulk jetty, which will be used exclusively by Vale.
The company has also signed a long term accord with the Oman Shipping Company for construction of four 400,000 tonne capacity iron ore carriers for Vale's exclusive use.
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