Vale mulls briquette plants in Gulf of Mexico, Middle East

Brazilian miner Vale is considering implementing new iron ore briquette plants in Brazil, the Middle East and the Gulf of Mexico, chief executive Eduardo Bartolomeo said on Tuesday, as the firm opened its first briquette unit in southeastern Brazil.

The plans would be part of Vale's goal of having eight other briquette plants established in several locations worldwide by 2030, with the company saying the product could help its steelmaking clients reduce carbon emissions.