Bolivia's ESM to export 250,000 mt of iron ore to ArcelorMittal and ThyssenKrupp

Thursday, 11 June 2020 23:54:22 (GMT+3)   |   Sao Paulo
       

Bolivian state-run iron ore and steelmaking company Empresa Siderurgica del Mutun (ESM) plans to export 250,000 mt of iron ore to clients in Argentina and Germany by year-end, the Bolivian ministry of mining said.

ArcelorMittal’s Argentinian subsidiary, Acindar, and ThyssenKrupp in Germany should get the commodity. The 250,000 mt iron ore shipment should generate $7.1 million in revenues, CEO Milko Moreno estimated.

The Bolivian government did not disclose the amount of iron ore each client will receive, although ESM will likely export 65 percent Fe content iron ore.

ESM halted operations for 60 days due to Covid-19, Moreno said. Production has gradually resumed with its 68-employee workforce.

 


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