Vale reaffirms its partnership with Oman Oil

Vale and Oman Oil Company will reaffirm their long-term partnership today in the presence of Nasser bin Khamis Al Jashmi, Undersecretary of the Ministry of Oil & Gas and Chairman of Oman Oil Company and Jose Carlos Martins, Vale\'s Executive Director for Iron Ore and Strategy. The press conference will also be attended by Marcos Beluco, Vale\'s Country Manager and Ahmed Al Wahaibi, Chief Executive Officer of Oman Oil Company as well as Members of the Board. Since establishing its Middle East Office in Muscat in 2007, the global diversified mining company has created a \'virtual iron ore mine\' in the Sultanate, utilising its extensive world-class logistics network to set up a strategic hub for its business in the region. With sustainability underpinning all aspects of its operations, Vale maintains an Omanisation rate that is above the industry standard and has been building the capacities of the Omani youth by empowering them with the means to lead the Sultanate\'s steel base in the future. Inaugurated in March 2012, the company\'s $1.25 billion Industrial Complex encompasses a pelletizing plant with a production capacity of nine million metric tonnes as well as a Distribution Centre with an annual through-put capacity of 40 million metric tonnes of blended iron ore and pellets. Today, Vale exports products to clients in Middle East, North Africa (Mena) and Asia, including India. From: Times of Oman