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INFRASTRUCTURE: Mozambique (MRB Nov 2001): Enron failure hits hopes for Maputo steel mill.

Asia Africa Intelligence Wire

| November 01, 2001 | COPYRIGHT 2001 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

A planned steel slabs factory in Maputo has been put on hold after the bankruptcy of the sole shareholder in the factory, the US energy corporation Enron. Enron's plan involved railing iron ore from South Africa to Maputo, and using the natural gas from the southern Mozambican province of Inhambane in the iron ore reduction process. With a total planned investment of over a billion US dollars, the Maputo Iron and Steel Project (MISP) was projected to export two million tonnes of steel slabs a year. The disappearance of Enron could well destabilise ...

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