UPDATE 1-Brazil's Vale to study implementing 'mega hubs' in Middle East countries

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Brazilian miner Vale SA said on Tuesday it has signed agreements with local authorities and clients to look at developing so-called "mega hubs" in Saudi Arabia, the United Arab Emirates and Oman. The mining giant said in a securities filing that the industrial complexes in the Middle East would be focused on low-carbon steelmaking products such as hot briquetted iron to supply both local and foreign markets. Vale is expected to build and operate iron ore concentration and briquetting plants within the hubs, the company said, while local parties are seen building the required logistics infrastructure.
 
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