Venezuelan state-run iron ore producer CVG Ferrominera Orinoco (FMO) said this week it has attached a rolling mill, known as the north round rolling mill, to a second pellet line the company is building.
Despite the installation of the new equipment by China Metalurgical Group (MCC), the construction of the pellet line No. 2 remains 53 percent complete, as reported by SteelOrbis in early March.
MCC helped Ferrominera assemble part of the equipment by lifting and positioning the south round rolling mill weighing 273 mt, Ferrominera said.
Ferrominera’s second pellet line, or pellet line No. 2, is funded by the Chinese Long-Term, Large Scale Fund through Venezuelan state-run development bank BANDES.
Currently, FMO has a 25 million mt/year iron ore capacity, a 3.3 million mt/year pellet capacity, and a 1 million mt/year HBI capacity.