In a strategic move to enhance long-term growth and expansion, global mining giant Vale S.A. has sold a 50% equity stake in the le to Apollo Global Management. The deal, valued at $600 million, aims to maximize returns and monetize Vale’s global assets.
VODC operates a state-of-the-art maritime terminal at Sohar Industrial Port, capable of handling 40 million tonnes per year. Vale will maintain significant influence over VODC operations, ensuring no changes to the organizational structure or workforce. This transaction underscores Oman’s vital role in the global mining industry and opens new growth opportunities.
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