Thursday 24 July 2014
 
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Vale

3M eyes 20pc growth in ME consumer business

The diversified product offering of 3M, a major innovation company, in the Middle East will contribute to a robust growth of 20 per cent for consumer business in 2013, said a senior official. “The Middle East is one of the f

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Vale Sohar plant achieves full capacity

Vale, a global diversified mining company, has achieved full production capacity of 9 million tons per year of direct-reduction pellets at its $1.36 billion industrial complex in the Port of Sohar. By creating a ‘virtual iron ore mine’, t

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Vale to spend $700m on Oman plant expansion

Brazilian mining giant Vale said on Saturday it was planning to spend up to $700 million to double its production of iron pellets in Oman. Oman Vale, a subsidiary of Vale, in which state-run Oman Oil Company owns a 30 per cent stake, start

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Oman Oil buys 30pc stake in Vale unit

Oman Oil Company, the state investment arm of the non-Opec producer, has signed an agreement to buy 30 percent of a subsidiary of Brazil's Vale in the sultanate, a statement said. "Oman Oil Company signed an agreement to buy 30 percent sta

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Vale signs iron pellets deal with Saudi Arabia

Brazilian miner Vale, the world's largest iron ore producer, said it closed a 10-year contract to supply 3.3 million tonnes per year of iron pellets to Saudi Arabia's Saudi Basic Industries Corp. 'It is an important region to u

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Dubal, Vale to develop alumina refinery

Dubai Aluminium Company Limited (Dubal) has entered into an agreement with Vale to develop a greenfield alumina refinery in Brazil’s northern State of Pará. The deal aims at securing the raw materials required to fuel Dubal’s future growth

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Vale to invest $1bn in Oman iron plant

Brazilian firm Companhia Vale do Rio Doce (Vale) has signed an agreement to build a $1 billion iron ore pellet plant in northern Oman, the Gulf Arab's ministry of commerce said on Saturday. Construction of the plant is expected to start at

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Global iron ore deficit seen this year

A worldwide iron ore supply deficit of between 20 million and 25 million tonnes is likely in 2008, Credit Suisse forecast in a report on Monday, on the back of high demand from steel mills. Iron ore miners are earmarking billions of dollar

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