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|Date:||1/8/2012 11:45:23 PM|
|Subject:||China to set up steel mill at Kalabagh|
|Message:||ISLAMABAD, Jan 12: A Chinese entrepreneur has shown serious interest to set up a steel mill at Kalabagh utilising the potential of locally-available iron ore deposits at Makarwal and Chichali.
A delegation of ‘Amlong’ Enterprise currently visiting Pakistan were holding meetings with government officials to do the spadework for the steel mill project, which is aimed at producing one million tons of steel annually.
Following detailed meeting with officials of the Ministry of Industries and Production, the Chinese investors were given a detailed presentation at the Engineering Development Board on Wednesday on the iron ore deposits at Makarwal and Chichali and availability of other raw materials in close vicinity of the proposed project.
The Chinese officials also visited the site of the project at Kalabagh and expressed satisfaction on the iron ore deposits, the infrastructure and the proposed site for the establishment of steel mill.
S.H. Farooqi, a leading geologist briefed the delegation about the iron ore deposits in the area and the prospects of establishing a steel mill based on local iron ore.
The delegation was also provided all the information including maps, composition of the ores, quantum of deposits and reports prepared in the past.
The Kalabagh iron-ore deposit is the largest iron-ore deposit in Pakistan located near Kalabagh where the proven reserves have been estimated to be around 350 million tons.
In addition, the iron ore deposits in Makarwal range spreading over 83km long belt up to Pezu in district Bannu are estimated to be around 600 million tons. Iron content varies between 32 to 38.6 per cent.
Presently, Pakistan Steel Mills (PSM) is the only integrated mill in the country with a capacity of 1.1 million tons per annum, which is based on 100 per cent imported ore and coke.