Iron Ore production within the Pilbara

The Uganda Investment Authority is promoting the establishment of a pig iron production plant to supply the steel manufacturing industry.

Project justification: Possible exists for mining iron ore to provide established steel mills manufacturing solutions for sectors for instance agriculture and construction. Most of the steel mills are currently making use of scrap as the fundamental material. Iron ore mining and processing is expected to considerably supplement scrap. copper mining equipment

Location of project: Kasenyi - Iron ore (hematite) deposits right here have proven reserves of 4.six million tonnes. Possible reserves inside the location are estimated at 50 million tonnes.

Estimated cost in the investment: US$50 million

Market: Uganda’s steel demand is estimated at 80,000 tonnes per year but present production is at only 7,000 tonnes. Demand is estimated to be expanding at a rate of 10% per annum. The gap clearly shows the high industry prospective for any steel merchandise. Existing shortages within the region also guarantees investors considering this chance the East African Community (EAC) market. chrome ore beneficiation

Investment selections: Joint venture partnerships with local investors, or 100% foreign ownership.

The Uganda advantage

• Existence of high quality iron ore resources

• Vast prospective for hydro-power

• Created road network and railway, linking the country with neighbours

• Macro–economic stability

Incentive regime: Uganda’s fiscal incentive package offers for generous capital recovery terms especially for investors whose projects entail important investment in plant and machinery ; and whose investments are medium to long-term.

For a lot more details on investment possibilities in Uganda contact the Uganda Investment Authority. copper ore beneficiation plant