S\u00e3o Paulo \u2013 Mining giant Vale has signed a land reservation agreement with the Royal Commission of Jubail and Yanbu to create a \u201cmega hub\u201d to produce up to 12 million tonnes of iron ore briquettes per year. The announcement was made on Wednesday (16). The company said in a release the goal is to produce \u201cgreen steel,\u201d which emits fewer greenhouse gases. Briquette is a product developed by Vale that uses ore and binders. It is used in steel production and generates fewer emissions during its production.<\/p>\n\n\n\n
Ras Al Khair is an industrial city located about 55 kilometers east of the country\u2019s capital, Riyadh, and along the Gulf coast. Earlier this week, Brazil\u2019s Mines and Energy Minister Alexandre Silveira was in Saudi Arabia and the United Arab Emirates to attend local events and meet with authorities and company representatives. Following these meetings, partnerships with institutions in the region were announced.<\/p>\n\n\n\n
In Vale\u2019s statement, its executive vice president of commercial and new business, Rog\u00e9rio Nogueira, says this agreement represents \u201cthe first step to reshape the future of the steel industry in the Middle East.\u201d \u201cThe Mega Hub of Al Khair will serve as a model to integrate advanced technologies with sustainable practices, generating not only a positive environmental impact but also economic value,\u201d he said.<\/p>\n\n\n\n
This mega hub, the Brazilian mining company says, joins two others planned in Oman and the UAE as part of a project to develop integrated steel ecosystems in its main markets. The company already has a production facility in the Sohar industrial zone in Oman.<\/p>\n\n\n\n
\u201cAlong with the Mega Hubs planned for Oman and the UAE, this facility will serve as a regional enabler of green steel, providing high-quality iron ore and fostering collaboration between Vale, steel producers, and other industrial players,\u201d says the company\u2019s statement. Once operational, the unit will serve the local, regional, and international markets. The project will be developed in two phases.<\/p>\n\n\n\n
Read more:<\/em> Translated by Guilherme Miranda<\/strong><\/p>\n
Saudi mining company to open office in S\u00e3o Paulo<\/a><\/p>\n\n\n\n