{"id":371843,"date":"2024-08-08T13:04:42","date_gmt":"2024-08-08T16:04:42","guid":{"rendered":"https:\/\/anba.com.br\/?p=371843"},"modified":"2024-08-08T17:16:35","modified_gmt":"2024-08-08T20:16:35","slug":"brazils-vale-enters-into-distribution-jv-in-oman","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/brazils-vale-enters-into-distribution-jv-in-oman\/","title":{"rendered":"Brazil\u2019s Vale enters into distribution JV in Oman"},"content":{"rendered":"\n<p>S\u00e3o Paulo \u2013 Brazilian mining giant <a href=\"https:\/\/vale.com\/pt\/home\" target=\"_blank\" rel=\"noopener\">Vale<\/a> reported on Tuesday (6) it sold part of its distribution business in Middle East state Oman. The company entered into a joint venture between Vale Oman Distribution Center (VODC) and Apollo Global Management, an asset management firm based in the United States.<\/p>\n\n\n\n<p>Apollo will pay a total consideration of USD 600 million and will hold a 50% stake in the joint venture entity. VODC operates a maritime terminal in Sohar, Oman, with a large deep-water jetty and an integrated iron ore blending and distribution center with a nominal capacity of 40 million tons per year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Brazil&#8217;s Vale&#8217;s pelletizing company<\/h2>\n\n\n\n<p>The miner said closing is expected for the second half of 2024, subject to customary regulatory approvals. Vale will continue to hold 100% of Vale Oman Pelletizing Company (VOPC), whose output reaches 9 million tons per year.<\/p>\n\n\n\n<p><em>Read more:<\/em><br><a href=\"https:\/\/anba.com.br\/en\/saudi-arabia-wants-brazil-in-its-mining-industry\/\">Saudi Arabia wants Brazil in its mining industry<\/a><br><a href=\"https:\/\/anba.com.br\/en\/brazils-vale-signs-mou-for-project-in-saudi-arabia\/\">Brazil\u2019s Vale signs MoU for project in Saudi Arabia<\/a><\/p>\n\n\n\n<p><strong>Translated by Guilherme Miranda<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-265124\">Press Release<\/div>","protected":false},"excerpt":{"rendered":"<p>The mining giant sold half of its distribution operation in the Arab country, the VODC, to a company from the United States for USD 600 million.<\/p>\n","protected":false},"author":2316,"featured_media":265124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[50476,50475,9534,31844,6375,30049,2028,13883,2030,50477,44168],"class_list":{"0":"post-371843","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-apollo","9":"tag-apollo-global-management-2","10":"tag-brazil-en","11":"tag-distribuicao-en","12":"tag-distribution","13":"tag-mineradora-2-en","14":"tag-mining","15":"tag-oma-en","16":"tag-oman","17":"tag-sohar-2","18":"tag-vale-en-2"},"wps_subtitle":"The mining giant sold half of its distribution operation in the Arab country, the VODC, to a company from the United States for USD 600 million.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/371843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=371843"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/371843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/265124"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=371843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=371843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=371843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}