The largest metallurgical company of Brazil Companhia Sider mountain Nacional (CSN) announced that this year the volume of investment in the development and modernization of production will be $ 3 billion.
"Investments provided for 2013 cover 74% of the company's total needs," said CSN financial director David Salam. "The expansion of metallurgical production" Volta Redonda Long Steel Plant "and the construction of the railway in Transnodestine are recognized as priority for financing.
In accordance with the investment plan for 2013, the company's iron ore assets will receive $ 300 million, about 80 million will take the construction of a cement plant and the completion of a new metallurgical production, which will go into operation in August of this year - another 160 million dollars.
Brazilian CSN invests in the development of more than $ 1.5 billion in 2013
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