The project for exploration and production of pig iron in the town of Cutato, in the Angolan province of Kuando Kubango, by the Modulax company, has an estimated cost of US$199.5 million, the Managing Director of the company said in Menongue.
Geraldo Basques said the project included two phases, the first of which was installing a blast furnace with a production capacity of 96,000 tons per year, a crushing plant to feed the furnace and charcoal production plants.
The second phase includes installation of two blast furnaces with a production capacity of 420,000 tons per year, larger crushing plants, a concentrated plantation and sintering and eucalyptus cloning facility.
Cited by Angolan news agency Angop, the director general of Modulax reported that the second phase had a cost currently estimated at US$94 million.
These figures were released when Geraldo Basques presented the project to the provincial government and the secretaries of state for Industry, Quiala Gabriel and for Mines, Miguel Paulino de Almeida. (macauhub/AO)