Brazilian mining conglomerate Vale, which is operating a massive iron ore pelletising plant and distribution hub at Sohar, is keenly exploring opportunities for investment in the Sultanate’s mining sector. According to high-ranking executives of the global mining giant, a team of geologists is currently scouting for commercially exploitable mineral reserves, the outcome of which will decide the nature and scale of Vale’s mineral investments in Oman.
“We have a mineral exploration team that’s presently mapping out the mineral resources of Oman. We are going to share this information with the Omani government through our joint venture partner Oman Oil Company. If we find some good investment opportunities, we will conduct some business with Oman Oil in the same way we have done with our pelletising plant,” Marcos Beluco, Country Manager of Vale Oman, said.
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