BRICS Leaders Call for Urgent Action on Land Degradation Ahead of UNCCD COP16 in Riyadh

BRICS leaders call for increased financial resources and stronger partnerships to address land degradation, desertification, and drought. (SPA)
BRICS leaders call for increased financial resources and stronger partnerships to address land degradation, desertification, and drought. (SPA)
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BRICS Leaders Call for Urgent Action on Land Degradation Ahead of UNCCD COP16 in Riyadh

BRICS leaders call for increased financial resources and stronger partnerships to address land degradation, desertification, and drought. (SPA)
BRICS leaders call for increased financial resources and stronger partnerships to address land degradation, desertification, and drought. (SPA)

BRICS leaders called for increased financial resources and stronger partnerships to address land degradation, desertification, and drought ahead of a major UN environment conference in Saudi Arabia in December.

In a joint statement, the leaders of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates emphasized that these environmental challenges "are posing serious threats to the well-being and livelihoods of people and the environment."

While acknowledging ongoing efforts in sustainable land management, they stressed the need for "integrated policies" to tackle these interconnected issues.

The statement comes as Saudi Arabia prepares to host the 16th session of the United Nations Convention to Combat Desertification (UNCCD COP16) in Riyadh from December 2 to 13, amid growing global concern over land degradation that already affects 40% of the planet and impacts 3.2 billion people, according to UNCCD data.

"Saudi Arabia welcomes the BRICS leaders' statement on the critical issue of land degradation as it reflects the increasing urgency to slow and ultimately reverse the trend of degrading land worldwide," said Dr. Osama Faqeeha, deputy minister for environment at Saudi Arabia's Ministry of Environment, Water and Agriculture and advisor to the COP16 Presidency.

He added: "At COP16 in Riyadh, we will work to forge new partnerships that can accelerate land restoration and drought resilience efforts, particularly in vulnerable regions. Land degradation, drought, and desertification impact almost every corner of the planet, exacerbating forced migration and worsening global food and water insecurity. It is imperative that the international community addresses the root causes of these issues at the UNCCD COP16 in Riyadh."

The conference is expected to be the largest UNCCD COP to date and will feature the first-ever Green Zone, creating a dedicated platform for collaboration and innovation, aiming to increase the role of the private sector in land restoration.

It comes as the UNCCD targets the restoration of 1.5 billion hectares of degraded land by 2030. According to the UNCCD, every dollar invested in land restoration can yield up to $30 in economic returns.



Vale Partners with China’s Jinnan Steel to Build Iron Ore Processing Plant in Oman

The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. (Reuters)
The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. (Reuters)
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Vale Partners with China’s Jinnan Steel to Build Iron Ore Processing Plant in Oman

The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. (Reuters)
The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. (Reuters)

Brazilian miner Vale, one of the world's largest iron ore producers, said on Monday it had partnered with China's Jinnan Steel Group to build an iron ore beneficiation plant in Oman to produce high quality pellet.

With the front-end investment exceeding $600 million, the plant, which will be located in Oman's Sohar port and free trade zone, will provide higher quality iron ore for producing pellet and hot briquetted iron (HBI) locally, reducing environmental impact, Vale said in a statement on its WeChat account.

The Sohar plant is scheduled to start commissioning in mid-2027, processing 18 million metric tons of iron ore annually to produce 12.6 million tons of high grade concentrate, it said.

"We are strengthening our capability to meet rising global demand for high grade iron ore and further expand our exposure in the Middle East region," said Gustavo Pimenta, chief executive officer (CEO) at Vale.

Vale will invest $227 million for the connection of the beneficiation plant and the pellet and HBI production facility while Jinnan Steel, a private steelmaker headquartered in north China's Shanxi province, will invest about $400 million for the building and the operation of the plant.

Vale did not disclose the equity share held by each party.