RE: Saudi's tour Vale's giant iron ore mine28 Jul 2024 17:16
Translation:
Sunday, July 28, 2024
His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, visited the giant Carajas mines of the company “Vale” in the Brazilian Amazon forest, which is one of the largest complexes dedicated to the production of iron ore in the world, accompanied by His Excellency the Deputy Minister of Industry and Mineral Resources for Mining Affairs, Engineer Khaled.
Bin Saleh Al-Mudaifer, and a number of leaders of the industrial and mining system.
During the visit, Al-Kharif was briefed on the modern technologies used by Vale in extracting and processing minerals in these huge mines, including remote mine management technology and transporting mining materials with trucks without a driver. He also discussed with company officials ways to transfer knowledge and expertise in the field of mining. Especially with regard to mining in rainforests while preserving the environment, as Vale has pioneering experience in balancing the exploitation of iron ore in its mines located within natural reserves and preserving the Amazon forests and their living organisms, in addition to building an effective partnership with the communities neighboring its mines.
The Minister of Industry and Mineral Resources also discussed with Vale officials the company’s expansion plans in the Kingdom, in addition to discussing opportunities for cooperation in developing the Carajas mines and enhancing their production, which annually exceeds 300 million tons of minerals.
Iron ore, one of the largest iron ore mines in the world.
This visit comes as part of Al Khareef's tour to Brazil and Chile with the aim of strengthening bilateral relations and attracting investments to the Kingdom in the industrial and mining sectors.
Brazil is the second largest iron ore producing country in the world, and has a long history in the mining sector
The number of mines in it exceeds 3 thousand mines.
The two countries enjoy important economic and investment relations in several specific economic sectors, the most important of which is mine
Food and mining. The Kingdom also supplies Brazil with 16% of its market need for phosphate fertilizers
During the production of Maaden Company
Vale has growing relations with the Saudi mining sector, as Manara Metals Company, a joint venture between the Public Investment Fund and Ma’aden, invests in a share of up to 10% of VALE Basic Metals Company, and Vale is also working on developing a factory and center. A logistical facility for processing and producing iron pellets in Ras Al-Khair Industrial City, east of the Kingdom, with an investment of more than 4 billion riyals, and a production capacity of up to 4 million tons annually of iron pellets, which is the main material for steel production.
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