{"id":81983,"date":"2024-10-29T00:00:00","date_gmt":"2024-10-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/29\/vale-jinnan-iron-steel-invest-usd-600-mn-in-iron-ore-concentration-plant-in-oman\/"},"modified":"2024-10-29T00:00:00","modified_gmt":"2024-10-29T00:00:00","slug":"vale-jinnan-iron-steel-invest-usd-600-mn-in-iron-ore-concentration-plant-in-oman","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/29\/vale-jinnan-iron-steel-invest-usd-600-mn-in-iron-ore-concentration-plant-in-oman\/","title":{"rendered":"Vale + Jinnan Iron & Steel invest USD 600 mn in iron ore concentration plant in Oman"},"content":{"rendered":"

<\/strong>Vale + <\/strong>Jinnan <\/strong>Iron & Steel <\/strong>partner up for iron ore plant in Oman: <\/strong>Brazilian miner Vale and Chinese steel maker Jinnan Iron & Steel Group have partnered up with an initial investment of more than USD 600 mn to build the first Direct Reduction (DR) grade iron ore concentration plant in Oman\u2019s Sohar port and freezone, according to a statement<\/a>. The plant will produce pellets and briquettes for low-carbon steel and is scheduled to start operations by mid 2027.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Vale plans to invest USD 227 mn to connect the plant to its facilities in the region<\/strong>, while Jinnan will invest c.USD 400 mn to build, own, and operate the plant, which will process 18 mn tons of iron ore annually, producing 12.6 mn tons of concentrate, according to the statement. <\/p>\n

How does it work?<\/strong> Iron ore will be upgraded to a higher-grade concentrate to produce high quality pellets and briquettes, a material made of compressed biomass, with reduced environmental impact.<\/p>\n

The plan aims to increase Oman\u2019s export capacity<\/strong>, integrate it into the steel trade route, and strengthen the country\u2019s position as a supplier to the regional and international steel market while minimizing its environmental footprint, the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The plant will process 18 mn tons of iron ore annually and produce 12.6 mn tons of concentrate<\/p>\n","protected":false},"author":1,"featured_media":81984,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[142,169,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-zones","tag-oman","tag-sohar-port","tag-zones","wpautop","entry"],"acf":{"mongo_id":"08b3b06e-8253-4690-b8cc-20ff55deddbb","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2537.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Vale + Jinnan Iron & Steel invest USD 600 mn in iron ore concentration plant in Oman","related_issue":[81978],"teaser":"The plant will process 18 mn tons of iron ore annually and produce 12.6 mn tons of concentrate","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.f51f133f-b12a-4869-9c92-b605eccafd70.mp3"},"yoast_head":"\nVale + Jinnan Iron & Steel invest USD 600 mn in iron ore concentration plant in Oman - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/29\/vale-jinnan-iron-steel-invest-usd-600-mn-in-iron-ore-concentration-plant-in-oman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vale + Jinnan Iron & Steel invest USD 600 mn in iron ore concentration plant in Oman\" \/>\n<meta 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