Angola's Ministry of Mineral Resources, Petroleum and Gas has announced a strategic partnership between Sonangol, Angola's state-owned oil company, and the Turkish group Tosyalı, to strengthen the Kassinga Iron-Steel Project, which they say is "To enhance the strategic steel mining project for Angola and the region."
The agreement, which was signed following a visit by Angolan officials to Tosyalı's steel complex in Hatay, Türkiye, will see Sonangol become a part of Tosyalı Iron & Steel Angola's new corporate structure.The signing ceremony was attended by Fuat Tosyalı, Chairman of the Board of Directors of Tosyalı Holding, and Sebastião Gaspar Martins, Chairman of the Board of Directors of Sonangol, who led the Angolan delegation.
Fuat Tosyalı, has stated that Sonangol's participation in the company's new corporate structure will "give a new impetus" to the Kassinga Iron-Steel Project. He further emphasized that this partnership signifies the Angolan government's unwavering commitment to realizing the project.
The Kassinga Iron-Steel Project, which is expected to begin production in mid-2027 in Huíla province in southern Angola, is seen by the Angolan government as a crucial milestone in its strategy to diversify the country's economy. The Kassinga mining project, controlled by Tosyalı Iron & Steel Angola, is 70% owned by the company and was approved by Angolan President João Lourenço in 2019.
The project will begin with the reactivation of the Jamba Mineira mine in Huíla. However, the goal is to transform iron into steel at a steel mill to be established at the Sacomar Mining Terminal in the city of Moçâmedes.
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