LUMUT: Vale SA, the world's largest iron ore exporter, will set up an iron ore pellets plant here after its US$1.3bil (about RM3.9bil) maritime terminal in Teluk Rubiah is completed in the first half of 2014.
Vale executive director (marketing, sales and strategy) Jose Carlos Martins said the company was expected to invest a total US$5bil (RM15bil) over the next 10 years to develop the mega distribution centre in Teluk Rubiah, which would cater to its clients in the Asia-Pacific.
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