Sohar concentration plant, Oman
Name of the Project
Sohar concentration plant.
Location
Sohar port and freezone, in Oman.
Project Owner/s
Vale and Jinnan Iron & Steel Group.
Project Description
The state-of-the-art facility will supply high-quality iron-ore for the production of pellets and briquettes in the region, which will be key for the manufacturing of low-carbon steel products through direct reduction.
The plant will process 18-million tons of low-grade iron-ore a year, producing 12.6-million tons of high-grade concentrate.
Potential Job Creation
Not disclosed.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
The project will require an initial investment of $627-million.
Vale will invest $227-million to connect the plant to its agglomerate facilities in the region. Jinnan will invest an estimated $400-million to build, own and operate the plant.
Planned Start/End Date
The project is expected to start operations by mid-2027.
Latest Developments
Updates pending.
Key Contracts, Suppliers and Consultants
Not disclosed.
Contact Details for Project Information
Vale, email imprensa@vale.com.
Jinnan Iron & Steel Group, tel +86 531 88869748.
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