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Vale and Jinnan to build $627M iron ore plant in Oman

Vale invests $227 million, while Jinnan contributes $400 million

Marcelo Portela
Gustavo Pimenta with the Minister of Commerce, Industry and Investment Promotion of Oman, Qais Mohammed Al Yousef, and the Chairman of Jinnan Iron & Steel, Zheng Jiaping.

Gustavo Pimenta with the Minister of Commerce, Industry and Investment Promotion of Oman, Qais Mohammed Al Yousef, and the Chairman of Jinnan Iron & Steel, Zheng Jiaping. | Credits: Vale

Vale and Chinese steelmaker Jinnan Steel & Iron Group have partnered to develop a joint iron ore operation worth around US$627 million in Oman. Vale has been operating in Oman since 2007, and the new...

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