Tosyali Holding speeds up its Angolan investment

Monday, 13 July 2020 13:48:38 (GMT+3)   |   Istanbul

Turkish steel producer Tosyali Holding has announced that it has speeded up its investment aimed at transforming iron ore to steel in Angola. The steel producer stated that it will meet the steel requirements of the region, processing ten million mt per year of iron ore with its Angola project. The company aims to increase its investments in Africa with this project.

Tosyali Holding had previously restarted the Cassinga Integrated Iron and Steel Project in Angola - which had halted its operations in 1970 - following the investment of “Tosyali Economic Territory” in Senegal, West Africa. The Cassinga project is located approximately 350 km east of the city of Lubango.

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