October 16, 2008

Erdemir to build second pellet plant

Turkish largest steel maker Erdemir has announced to build up the second pellet plant at Hasancelebi in Malatya province.

The total investment value will be USD 350 million and Erdemir will initially invest USD 72 million in 2008. The new plant is capable of producing 2 million tonnes of pellets per year.

This construction project will start in the second quarter of 2008 and they expect the plant will able to run for processing in the second quarter of 2010.

Currently Erdemir Group has 14 iron ore mining areas and one manganese mining area, which is the largest pellet producer in Turkey. The total iron ore reserve in Hasancelebi is about 885 million tonnes and it contained over than 23% of iron, the total minable time will be 75 years.