terça-feira, 5 de abril de 2016

VALE SIGNS AGREEMENT TO DEVELOP LOGISTICS CORRIDOR IN OMAN

Brazilian mining company Vale, the Sohar Port and Oman National Investments Development Company SAOC (TANMIA) signed a memorandum of understanding for the developing of a logistics corridor that will allow the exports of minerals mined and processed in the Arab country. 

The agreement was signed at the end of March. It establishes the creation of the Sohar Dry Bulk Logistics Corridor and enables the logistics structure, until now only used by the Brazilian mining company, to be used by local companies.

“Currently, Vale imports iron ore from Brazil and exports pellets and blended iron ore. The main goal of the Sohar Dry Bulk Logistics Corridor is to immediately enable the exports of minerals that are mined and processed in Oman to enter international markets at competitive prices. Our initial strategy was to keep the deep-water bulk terminal as captive, but now the terminal will be open for commercial operations to allow the opportunity for local enterprises to use and export through Vale’s infrastructure and operations which were established in 2011”, says a statement by the company sent to ANBA.

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