It is reported that Peru's Minera Mapsa and US-based CDII Minerals have agreed a joint venture for the construction of a pig iron plant in Peru.
Basically, these two companies have a 50%-50% for joint venture will mainly to focus on the distribution and further exploration of Mapsa's mining concessions in southern Peru and the further distribution of ore from third-party mining concessions.
In the meantime, these two companies have invested approximately US$130~140 million in 5~10 years.
However, the companies expect to begin the operation within 3 year and it also designs a pig iron annual production capacity to reach 500,000 tons.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63284&division=A9
