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Vale invests $1.2 bn in local supply chain development Published: 7:40 PM, May 16, 2021 Big-ticket project: Mining giant spends over $85 million in ensuring environmentally friendly operations 17 VALE SHARE MUSCAT, MAY 16 - Vale, one of the world’s largest mining companies, has made substantial investments in developing a major iron ore pelletising complex at Sohar Port and Freezone, alongside a thriving local supply chain. Owned by a Omani-Brazilian joint venture, the company is celebrating this month, its tenth year in operation in Oman. Vale s investment in Oman is a paradigm of the successful convergence of Vale s strategic goals, the Omani government (represented by OQ Company), and Sohar Port and Freezone. ....