Brazil’s Vale, Saudi Arabia’s NIDC sign MOU for iron ore pellet plant

Brazilian mining group Vale and Saudi Arabia’s National Industrial Development Center have signed a memorandum of understanding which includes the development of a 4 million mt/year iron ore pellet plant in Ras Al-Khair Industrial City, in the Persian Gulf, according to the NIDC. The MOU is to study the development of a high-quality iron ore logistics and processing facility, according…

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