Bolivia still looking for a partner for its Mutun iron and steel complex

Wednesday, 07 October 2015 23:16:49 (GMT+3)   |   Sao Paulo
       

As Bolivia’s Mutún steel complex remains shutdown, due to a lack of investments and the non-existence of a partner, which could secure the project, the South American country is still looking for investors as a way to keep the project alive.

A media report this week said there are five companies with a “direct invitation”competing to sign a contract in the project. The country’s minister of mining, Cesar Navarro, said a new partner is expected to be announced in the “coming” weeks.

Navarro said the prospective partner should focus its effort in the domestic market first, as Bolivia depends on countries like Brazil and Peru to supply its steel needs.

“The quality of the product from Mutún should be highly competitive, that’s why our exigencies for [the prospective] companies are multiple,” he said.

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