Rio Times has reported that upcoming miner & steelmaker Empresa Siderúrgica del Mutún President Mr Jorge Alvarado has that the progress of the construction of the Mutún Steel Plant had reached 69% and steel production will start in 2024. Mr Alvarado told Cepra Radio “We are certain that this project will become a reality this year so that by January 2024, we will be starting the industrial production of steel in the first National Mutun Steel Plant. It will produce rebar and wire rod.” Mr Alvarado told “The construction of project suffered a delay when it was paralyzed between the end of 2019 and 2020 during the administration of the interim president, Jeanine Áñez Sinosteel Equipment and Engineering resumed last year the construction of the steel mill in the Mutún iron deposit, in the Germán Busch province of the Bolivian department of Santa Cruz, during the current president’s administration, Luis Arce. The large iron deposit has reserves evaluated at approximately 40 billion tonnes of iron and 10 billion tonnes of manganese, which places it as one of the 10 largest iron reserves in the world.
Rio Times has reported that upcoming miner & steelmaker Empresa Siderúrgica del Mutún President Mr Jorge Alvarado has that the progress of the construction of the Mutún Steel Plant had reached 69% and steel production will start in 2024. Mr Alvarado told Cepra Radio “We are certain that this project will become a reality this year so that by January 2024, we will be starting the industrial production of steel in the first National Mutun Steel Plant. It will produce rebar and wire rod.” Mr Alvarado told “The construction of project suffered a delay when it was paralyzed between the end of 2019 and 2020 during the administration of the interim president, Jeanine Áñez Sinosteel Equipment and Engineering resumed last year the construction of the steel mill in the Mutún iron deposit, in the Germán Busch province of the Bolivian department of Santa Cruz, during the current president’s administration, Luis Arce. The large iron deposit has reserves evaluated at approximately 40 billion tonnes of iron and 10 billion tonnes of manganese, which places it as one of the 10 largest iron reserves in the world.
