Pakistan to Set Up Its First Local Iron-Ore Steel Mill in Chiniot

[Shahzaz ud din]

Pakistan to Set Up Its First Local Iron-Ore Steel Mill in Chiniot
Posted 3 hours ago by Ambreen Shabbir

• $20 Billion Worth of MoUs Signed between Saudi Arabia and Pakistan
  
  The presentation will be given by the Germans working on the project and the Pakistani officials. After the investment is confirmed, work will be started on the steel mill. Mining will be carried out while the steel mill is being set up.
  
  Mubarakmand added that they have already engaged two international consulting firms through competitive bidding for the completion of the tasks as per best international practices. International companies have already verified the existence of iron ore in the area.
  
  The steel mill is projected to have a capacity of 1 million ton. “The existing deposits of iron ore are enough to last for 50-60 years. Besides, the coal that would be used by the steel mill has also been measured by conducting a feasibility study,” he said.
  
  Other projects selected by the government and to be accomplished with the Saudi investment include the development of metallic mineral resources in Chagai in Balochistan, coal gasification in Sindh’s Thar area, and Barite-Lead-Zinc project.
  
  
  Ambreen Shabbir
  
  
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[AZADPAKISTAN2009]

Massive news

After coal being locally extracted independence in Iron Raw extraction , will mean massive boost for Pakistan from Economic front

 

[Samlee]

Great News

 

[Yaseen1]

it is very good step and our defence and car manufacturing industry as well as heavy machinery manufacturing industry can help from this and it will promote establishment of such industry in Pakistan but we should ensure that it not becomes like earlier steel mill established by russia in karachi