The African Natural Resources and Mines Limited (ANRML), says its integrated Iron Ore mining and steel processing plant in Kaduna State will place Nigeria on the World Mineral Map.
The Managing Director of ANRML, Mr Partha Ghosh, announced this to the News Agency of Nigeria ( NAN) on the sideline at the just concluded three-day Nigeria-Africa Natural Resources and Energy Investment Summit in Abuja.
Ghosh said the steel plant, which was first of its kind with a mining capacity of 5.4 metric tonnes per annum, would promote Nigeria’s position in the world due to its peculiar nature.
He said that the plant located in Gujeni village in Kagarko LGA, Kaduna, would produce steel directly from natural iron ore.
” This project will be first of its kind because steel will be produced directly from iron ore; in Nigeria, steels are made from scrap metals.
‘We will also generate 36 mega watt power from the steel plant that will be channeled into the National grid.
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He said that the plant would help to bridge the gap of steel importation and save forex as well.
He said that the project that had reached 95 per cent completion, would be commissioned before end of 2022 by President Muhammadu Buhari.
NAN recalls that $600 million was spent on the steel plant and the project would boost the solid minerals sector and the entire economy.
It would lead to increased revenue generation and job creation under the diversification policy of the Federal Government.
(NAN)
