Mumbai: Tata Steel has concluded an alliance pact with the Al Bahja Group of Oman for the development of the Uyun limestone deposits at Salalah in the Sultanate of Oman. Tata Steel and Al Bahja Group, inked the joint venture agreement. Tata Steel will be holding 70 per cent stake in the existing company, named Al Rimal Mining LLC, via its subsidiary, TS Global Minerals Holdings Pte Ltd. The initial phase will comprise exploration and detailed feasibility studies. The project envisages mining of limestone in the Uyun region, which is said to have large deposits of the raw material.
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