DUBAL investing in Brazil: buying 19% of Vale's refinery

Dubai Aluminium Company (DUBAL) has entered into an agreement with Vale, the Brazilian mining giant, to develop a green-field alumina refinery in Brazil’s northern State of Pará.

DUBAL will hold a 19% equity stake in the joint venture company. Vale, the world’s second-largest metals and mining company, will hold 61% and Hydro Aluminium 20%.

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