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Vale has acquired the 30% stake belonging to OQ – formerly Oman Oil Company – in Vale’s Oman iron ore pelletising plant, making the Brazilian steelmaker the sole owner, Kallanish notes. "The ownership transfer is expected to conclude in the second quarter of 2023 and aligns with OQ's efforts to attract foreign investments and enter partnerships that maximise the utilisation of Omani natural resources,” Oman’s state news …
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