Tata Steel expands the presence in Africa

The largest metallurgical company of the Tata Steel India expands its mining capacities in the cat-ivoire (ivory coast). The general director of the local branch of Tata Steel Mukash Ranzhan said that "the company plans to extract about 20 million tons of iron ore in Bonglo's career located five hundred kilometers from the capital of the Cot-D-Ivoir Abidzhan."

Modernization of capacities and access to a planned volume of production should take place until 2016. Tata Steel already has experience working with African modes with coal incisions in mosambica and stainless steel production in South Africa.

A new joint venture has already been registered on the shore of the ivory between Tata Steel and the state of the Cot-D-Jewual called Sodemi, in which 75 percent of the shares belong to Hindu. The agreement provides for the development of iron ore deposits in the area of ​​Mount Nimba, which is simultaneously in the territory of three states: cat-d-Jewoire, liberia and Guinea.

Mr. Razzhanan said that today his company is undergoing research work and a feasibility study is being carried out by the grandiose construction project. Iron ore from these places will be delivered to Tata Steel units in India, the UK and the Netherlands.

The activity of Tata Steel on the African continent began 6 years ago, when the company entered the joint venture with Australia Australia's Australia's Riversdale Mining, buying it for 88 million 200 thousands. dollars of 24960 hectares of carbon fiber in mosambic. In addition, Australia's Riversdale Mining managed to sign subsoil use contracts and get environmental permits for coal mining in Bengi, which will give an additional 5 million tons of coke per year.