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Article: South Africa : Industrial Development Corp to build steel mill.
- Article from:
- TendersInfo
- Article date:
- February 11, 2009
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Byline: shiv03
Bloomberg reported that South Africas Industrial Development Corporation plans to build a USD 3 billion steel mill and may start production in 2014.
Mr Abel Malinga head of mining at IDC said that "We are looking at a reasonable size steel mill, about 3 million tonnes or 4 million tonnes a year."
He added that the plant would cost a minimum of USD 1.5 billion.
Mr Malinga said that Maputo in Mozambique and Coega in South Africa are among possible sites for the plant. He added that it is also considering a mini steel mill producing about 500,000 tonnes a year.
He ...