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FinancialNews


  • 04-03-12

    Vale plans to boost output at Oman mine

    (MENAFN) Vale, the world's second largest mining company, unveiled plans to increase production at its new iron-ore pellet plant in Oman, Arabian Business reported. The Brazilian company already hit full production capacity at its Sohar-based plant and is set to expand output further this year. Vale aims at reaching output to 12 million metric tonnes by 2015 from current 9 million metric tonnes, the company said. Vale invested more than 1.36 billion in the mining complex, along with USD750 million from the Omani government, which includes two pelletising units and a distribution centre with a 40 million tonnes output capacity annually.

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