Latest news with #Itaminas
Muscat Daily
a day ago
- Business
- Muscat Daily
Hafeet Rail, Itaminas sign deal to develop logistics solutions
Abu Dhabi, UAE – Hafeet Rail, the developer of the cross-border railway project between Oman and the UAE, has signed a cooperation agreement with Itaminas Comércio de Minérios, one of Brazil's leading iron ore producers. This agreement marks a strategic step toward establishing an integrated and sustainable shipping system leveraging Hafeet Rail's network to connect major ports and industrial zones, enhancing logistical efficiency and supporting the iron and steel industry in both countries. The collaboration aims to develop a reliable and efficient transport network utilising Hafeet Rail's modern infrastructure while capitalising on the pivotal role of Sohar Port in importing and processing iron ore. Construction of the Hafeet Rail project is progressing rapidly along the railway route between Oman and the UAE, with ongoing groundwork, leveling, and site preparation. Major bridge and tunnel construction have also commenced, paving the way for seamless connectivity between the two nations. This progress reflects close coordination between relevant authorities and local governments, ensuring the achievement of the objectives set for this vital cross-border project. Itaminas specialises in producing high-quality iron ore, with a current annual production capacity of 6.5mn tonnes and environmental permits allowing expansion to 15.5mn tonnes annually. The company plans to export a significant portion of its production to the Middle East via Brazil's Sudeste Port, as part of its efforts to strengthen its presence in the region's iron and steel sector. Itaminas is also exploring the possibility of establishing parts of its value chain in GCC countries, leveraging the region's advanced infrastructure, energy resources, and strategic geographic location. This cooperation underscores the deepening integration between Oman and the UAE and highlights the potential of the Hafeet Rail network to support future industrial projects in both countries. By creating an integrated logistics corridor linking ports to industrial and commercial hubs, the network will serve global and regional steel companies seeking efficient, sustainable, and scalable logistics solutions in the region. ONA
Zawya
3 days ago
- Business
- Zawya
Oman: Hafeet Rail and Brazil's Itaminas ink pact for iron ore logistics solutions
Oman - Hafeet Rail, the cross-border railway developer connecting Oman and the UAE, has signed an agreement with Itaminas Comércio De Minérios S.A., one of Brazil's leading iron ore producers marks a pivotal strategic move towards enabling an integrated, and sustainable logistics ecosystem leveraging the Hafeet Rail network to link key ports and industrial zones, boost logistical efficiency and bolster the iron ore and steel production industry in both nations. The collaboration also aims to cultivate a robust and efficient supply chain solution powered by Hafeet Rail's cutting-edge infrastructure and connectivity, particularly Sohar Port's rail-connected facilities and crucial role in iron ore import and value-added processing, thanks to its established advanced infrastructure, ongoing expansion plans, and seamless integration with the Hafeet Rail network. Construction on the Hafeet Rail project is advancing in both Oman and the UAE, where groundwork and railbed preparation are well underway and structural works on major bridges and tunnels have begun, paving the way for seamless connectivity between the two nations. The project's ongoing development reflects close and strong coordination between stakeholders and local authorities, ensuring the achievement of this vital cross-border project's objectives. Itaminas specializes in high-grade iron ore production, currently boasting an annual output of 6.5 million tons, with environmental permits allowing for an expansion to 15.5 million tons annually. The company plans to export a significant share of this production to the Middle East via Brazil's Port of Sudeste, reinforcing its ambition to play a major role in the region's iron and steel sector. As part of its long-term growth strategy, Itaminas is actively exploring the establishment of segments of its value chain in the GCC, capitalizing on the region's infrastructure, energy resources, and strategic location. This collaboration reinforces the growing integration between Oman and the UAE while exploring how Hafeet Rail's cross-border network can support potential industrial developments across both countries, enabling a seamless logistics corridor that links ports with inland processing facilities serving both global and regional steel players seeking efficient, sustainable, and scalable logistics solutions for their operations in the region. Hafeet Rail is a joint venture between Etihad Rail, ASYAD Group, and Mubadala Investment Company. Hafeet Rail is the first regional cross-border railway network, connecting the Sultanate of Oman and the United Arab Emirates to enhance economic growth and improve the efficiency of the transportation sector in the region.
Observer
3 days ago
- Business
- Observer
Hafeet Rail signs agreement to advance steel industry supply chain
ONA: Hafeet Rail, the developer of the cross-border railway project between the Sultanate of Oman and the United Arab Emirates, has signed a cooperation agreement with Itaminas Comércio de Minérios, one of Brazil's leading iron ore producers. This agreement marks a strategic step toward establishing an integrated and sustainable shipping system by leveraging Hafeet Rail's network to connect major ports and industrial zones. The initiative aims to enhance logistical efficiency and support the iron and steel industry in both countries. The collaboration will develop a reliable and efficient transport network utilizing Hafeet Rail's modern infrastructure and capitalize on the pivotal role of Sohar Port in importing and processing iron ore. Sohar Port, with its advanced facilities and expansion plans, is well-positioned to support this initiative. Its integration with the Hafeet Rail network further strengthens the logistics corridor. Construction of the Hafeet Rail project is progressing rapidly along the railway route between Oman and the UAE, with groundwork, leveling, and site preparation underway. Major bridge and tunnel construction has also commenced, paving the way for seamless connectivity between the two nations. This progress reflects strong coordination between relevant authorities and local governments, supporting the achievement of strategic objectives for this cross-border project. Itaminas, which currently produces 6.5 million tons of high-quality iron ore annually, has environmental permits allowing for expansion up to 15.5 million tons. The company plans to export a significant portion of its output to the Middle East via Brazil's Sudeste Port, reinforcing its presence in the regional iron and steel sector. Itaminas is also exploring the possibility of establishing parts of its value chain in GCC countries, taking advantage of the region's infrastructure, energy resources, and strategic location. This cooperation underscores the deepening integration between Oman and the UAE. It highlights the potential of the Hafeet Rail network to support future industrial projects by creating an integrated logistics corridor linking ports to industrial and commercial hubs. The initiative is poised to serve global and regional steel companies seeking efficient, sustainable, and scalable logistics solutions in the region.— ONA
Zawya
4 days ago
- Business
- Zawya
Hafeet Rail and Itaminas sign agreement to advance sustainable iron ore logistics solutions
Abu Dhabi, UAE – Hafeet Rail, the cross-border railway developer connecting Oman and the UAE, has signed an agreement with Itaminas Comércio De Minérios S.A., one of Brazil's leading iron ore producers. This agreement marks a pivotal strategic move towards enabling an integrated, and sustainable logistics ecosystem leveraging the Hafeet Rail network to link key ports and industrial zones, boost logistical efficiency and bolster the iron ore and steel production industry in both nations. The collaboration also aims to cultivate a robust and efficient supply chain solution powered by Hafeet Rail's cutting-edge infrastructure and connectivity, particularly Sohar Port's rail-connected facilities and crucial role in iron ore import and value-added processing, thanks to its established advanced infrastructure, ongoing expansion plans, and seamless integration with the Hafeet Rail network. Construction on the Hafeet Rail project is advancing in both Oman and the UAE where groundwork and railbed preparation are well underway and structural works on major bridges and tunnels have begun, paving the way for seamless connectivity between the two nations. The project's ongoing development reflects close and strong coordination between stakeholders and local authorities, ensuring the successful achievement of this vital cross-border project's objectives. Itaminas specializes in high grade iron ore production, currently boasting an annual output of 6.5 million tons, with environmental permits allowing for an expansion to 15.5 million tons annually. The company plans to export a significant share of this production to the Middle East via Brazil's Port of Sudeste, reinforcing its ambition to play a major role in the region's iron and steel sector. As part of its long-term growth strategy, Itaminas is actively exploring the establishment of segments of its value chain in the GCC, capitalizing on the region's infrastructure, energy resources, and strategic location. This collaboration reinforces the growing integration between Oman and the UAE while exploring how Hafeet Rail's cross-border network can support potential industrial developments across both countries, enabling a seamless logistics corridor that links ports with inland processing facilities serving both global and regional steel players seeking efficient, sustainable, and scalable logistics solutions for their operations in the region. About Hafeet Rail: Hafeet Rail is a joint venture between Etihad Rail, ASYAD Group, and Mubadala Investment Company. Hafeet Rail is the first regional cross-border railway network, connecting the Sultanate of Oman and the United Arab Emirates with the aim of enhancing economic growth and improving the efficiency of the transportation sector in the region.
Times of Oman
4 days ago
- Business
- Times of Oman
Hafeet Rail, ITAMINAS sign agreement to develop sustainable logistics solutions for steel industry
Abu Dhabi: Hafeet Rail, the developer of the cross-border railway project between the Sultanate of Oman and the United Arab Emirates, has signed a cooperation agreement with Itaminas Comércio de Minérios, one of Brazil's leading iron ore producers. This agreement marks a strategic step toward establishing an integrated and sustainable shipping system leveraging Hafeet Rail's network to connect major ports and industrial zones, enhancing logistical efficiency and supporting the iron and steel industry in both countries. The collaboration aims to develop a reliable and efficient transport network utilizing Hafeet Rail's modern infrastructure while capitalizing on the pivotal role of Sohar Port in importing and processing iron ore, thanks to its advanced facilities and ongoing expansion plans to increase capacity. The port's integration with the Hafeet Rail network further strengthens this initiative. Construction of the Hafeet Rail project is progressing rapidly along the railway route between Oman and the UAE, with ongoing groundwork, leveling, and site preparation. Major bridge and tunnel construction has also commenced, paving the way for seamless connectivity between the two nations. This progress reflects close coordination between relevant authorities and local governments, ensuring the achievement of the objectives set for this vital cross-border project. Itaminas specializes in producing high-quality iron ore, with a current annual production capacity of 6.5 million tons and environmental permits allowing expansion to 15.5 million tons annually. The company plans to export a significant portion of its production to the Middle East via Brazil's Sudeste Port, as part of its efforts to strengthen its presence in the region's iron and steel sector. Itaminas is also exploring the possibility of establishing parts of its value chain in GCC countries, leveraging the region's advanced infrastructure, energy resources, and strategic geographic location. This cooperation underscores the deepening integration between Oman and the UAE and highlights the potential of the Hafeet Rail network to support future industrial projects in both countries. By creating an integrated logistics corridor linking ports to industrial and commercial hubs, the network will serve global and regional steel companies seeking efficient, sustainable, and scalable logistics solutions in the region.
