December 03, 2008

ArcelorMittal’s Maputo mill resumes production after 10 years

Africa news reported that Maputo's steel rolling mill, paralyzed for almost a decade, has resumed production, though on an experimental basis.

Mr Antonio Fernando minister of industry and trade visited the rolling mill and declared his satisfaction at the resumption of activities. He said that "I saw that the factory is producing on an experimental basis, and there's a guarantee that next month it will be formally inaugurated.”

Mr Jose Marques director of Maputo's steel said that the company would produce 35,000 tonnes of steel a year, mostly rebars.

Mill owners ArcelorMittal, has promised to invest USD 11 million in the mill in addition to the purchase price of the once state owned enterprise.