Vale to create 'mega hubs' in Middle East

Vale to create 'mega hubs' in Middle East

Brazil Middle East

Brazilian mining company Vale said it has partnered with local authorities and clients in Saudi Arabia, the United Arab Emirates and Oman to produce low-carbon products for the steel industry. The new partners are looking to develop "mega hubs" to make hot briquetted iron (HBI) and steel products for both the local and export markets with a significant reduction of carbon dioxide emissions, Vale said in a press release on Tuesday. The miner expects to build and operate iron ore concentration and

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