Export of First Aggregate Shipment through Vale’s Terminal in Sohar Port

Press Releases (Local)

10/9/2016

Export of First Aggregate Shipment through Vale’s Terminal in Sohar Port

SOHAR DRY BULK LOGISTICS CORRIDOR ALLOWS FOR TRANSPORTATION OF MINERALS FROM OMAN

Liwa, September 2016 – This week, Vale in Oman successfully exported local minerals to the international market through the Sohar Dry Bulk Logistics Corridor, a Memorandum of Understanding which was signed in March 2016 by Vale, Tanmia and Sohar Port and Freezone. This agreement is aligned with the country’s plan to diversify its economy in a sustainable way and to explore opportunities to export from Sohar Port.
 
“Oman is a mineral rich country and we are working to contribute our knowledge and industrial expertise so that the Sultanate can bring its industrial minerals to the global market at competitive prices,” said Vale in Oman’s CEO, Jamil Sebe. “Since our operations were inaugurated in 2011, we have been committed to the sustainable and economic development of the country .and this agreement is an example of the fruits of our labor to utilize our internal infrastructure and logistics capability in support of the diversification of Oman’s economy.”
 
Vale’s initial investment of more than US$2 billion allows for locally mined materials to be stockpiled, processed and transported through its globally recognized operations and deep-water dry bulk terminal which is considered to be one of a few specialized bulk terminals in the region. It ranks in the world’s top ten on draft depths by allowing some of the largest ships in the world, Very Large Ore Carriers, with a capacity of up to 400,000 tons each, to be berthed in the Sultanate. Vale’s in-depth knowledge of logistics and bulk material handling as well as the strategic location of the terminal outside of the Strait of Hormuz allow for an unprecedented advantage compared to other ports in the region.
 
SOHAR Port and Freezone Chief Executive, Mark Geilenkirchen, said, “We are proud to have Vale Oman on board as our partner at the Port. Their in-depth knowledge and knowhow will contribute a great deal to making the Dry Bulk Logistics Corridor a success. We hope these initial shipments are the start of much more to come; Oman has a tremendous wealth of mineral resources and at SOHAR we are committed to help manage them to create the maximum value for the Sultanate.”
 
With a logistics network integrating mines, railroads, ports and ships, and operations across continents, Vale extends its expertise in different sectors that includes shipping, logistics, security, corporate social responsibility and supply chain management to name but a few. The global mining company aims to continue to work together with the Omani government as a strategic partner to contribute to the Sultanate’s social and economic development through collaborations that facilitate the transfer of knowledge.

Export of First Aggregate Shipment through Vale’s Terminal in Sohar Port