Vale
Brazilian iron ore producer focuses on China, which buys 62% of its products
The company signed an agreement with OQ Alternative Energy to supply power to the factory in Sohar
Sales of these raw materials increased by 3.6% year-on-year in the period under review
The company has allocated $6.3 million as part of the first stage of investment
Investments will be made until 2030
The company bought 50% of its joint venture shares from China's Baosteel
Brazilian company shows 2% growth in 2024, despite a decline in the fourth quarter
17 January 2025
The project has the potential to produce up to 12 million tons of direct reduced iron (CBI) per year
The company will start the first phase of the project in Louisiana
04 December 2024
The company is changing its strategic approach to operations
It is planned that the enterprise will begin operations in 2027
16 October 2024
Rio Tinto and Vale noted rising production figures despite uncertainty in the Chinese market