In late October, Ferrous Miner Vale announced this partnership with Jinnan Steel to invest in Oman.
- https://www.vale.com/w/vale-and-jinnan-steel-and-iron-group-annouce-investment-in-iron-ore-concentration-plant-in-oman/-/categories/1968809
- Jinnan Steel will operate the plant and is slated to invest USD $400M
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| SOHAR site in Oman |
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| Oman and the Gulf of Oman |
In other news, VBM - Vale Base Metals CEO Shaun Usmar was present on the Vale 3Q Earnings Call to speak about diversification in Vale's "Mineral Endowment", which he repeated stated was surprisingly good.
- https://vale.com/w/vale-base-metals-appoints-shaun-usmar-as-new-chief-executive-officer-1
- https://www.bloomberg.com/news/articles/2024-07-03/vale-picks-mining-veteran-usmar-to-lead-base-metals-turnaround
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