VIDEO: Baobab grows steel ambition in Mozambique

Junior iron ore miner Baobab Resources plans to decouple itself from volatile global raw material markets by taking its Mozambique project further downstream.

Steel First revisited Baobab’s Tenge-Ruoni project in Mozambique’s coal-rich northern region of Tete at the end of June to hear from md Ben James about the company’s ambitious plans to set up the country’s first steel mill.
When this publication first visited the project just under two years ago, the company’s focus was still firmly on the production of pig iron to sell to the Chinese market.

But China’s slowing appetite for steelmaking raw materials and the heavy drop in iron ore prices since the beginning of last year...


Nina Nasman

July 15, 2015

08:46 GMT