{"id":2509,"date":"2018-11-04T11:02:15","date_gmt":"2018-11-04T14:02:15","guid":{"rendered":"http:\/\/www.abrazpe.org.br\/?p=2509"},"modified":"2018-11-04T11:02:15","modified_gmt":"2018-11-04T14:02:15","slug":"chinese-investors-plan-10-billion-metallurgical-complex-in-south-africa","status":"publish","type":"post","link":"https:\/\/www.abrazpe.org.br\/index.php\/2018\/11\/04\/chinese-investors-plan-10-billion-metallurgical-complex-in-south-africa\/","title":{"rendered":"Chinese investors plan $10 billion metallurgical complex in South Africa"},"content":{"rendered":"<p class=\"estimated-read-time\">Tempo de leitura:<small> 2 minutos<\/small><\/p> <p><span lang=\"EN-US\">Chinese investors signed agreements to build a $10 billion metallurgical complex in South Africa during President Xi Jinping\u2019s state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<figure class=\"Image_zoom\"><\/figure>\n<p>South Africa\u2019s President Cyril Ramaphosa said at a joint news conference with Xi on Tuesday that China had committed to invest $14.7 billion in the South African economy, but neither leader mentioned the $10 billion complex.<span class=\"apple-converted-space\">\u00a0<\/span><span lang=\"EN-US\">Ramaphosa is on a mission to kick-start economic growth after a decade of stagnation and is targeting $100 billion in new investment over five years.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p><span lang=\"EN-US\">The complex, which is still in the planning stage and envisages building a stainless steel plant, a ferrochrome plant and a silicomanganese plant, is a much-needed vote of confidence in the sputtering South African economy.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p><span lang=\"EN-US\">Trade and Industry Minister Rob Davies said on Tuesday that China was considering a metallurgical project in a special economic zone (SEZ), but he did not reveal the scale of the project or timeframe.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p><span lang=\"EN-US\">The executive involved in the project, who did not wish to be named because he was not authorized to speak to the media, said memoranda on the complex werebefore Xi and Ramaphosa gave news conference on Tuesday.\u00a0<\/span><span lang=\"EN-US\">\u201cThe investors for the SEZ project were in the room when Ramaphosa and Xi spoke to the press,\u201d the executive said.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p><span lang=\"EN-US\">Richard Zitha, a project executive at the Musina-Makhado SEZ where the complex will be based, said the project was being led by Chinese state-owned companies, but he declined to name them.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><span lang=\"EN-US\">He said the Chinese investors would look for Black Economic Empowerment partners to comply with South African rules designed to address racial disparities more than two decades after the end of apartheid.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p><span lang=\"EN-US\">The investors were open to investors from other countries joining at a later stage, he said. \u201cThe investors have been in South Africa for around a week and have visited mines to look for inputs for the project,\u201d Zitha said.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p><span lang=\"EN-US\">The Musina-Makhado SEZ is in Limpopo province close to South Africa\u2019s borders with Mozambique, Zimbabwe and Botswana.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><span lang=\"EN-US\">The SEZ plans to house plants with a capacity of 3 million tonnes per annum of stainless steel, 3 million tonnes per annum of ferrochrome and 500,000 tonnes per annum of silicomanganese. Those capacity targets are subject to change and will be finalised by the end of the year, the executive said.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p><span lang=\"EN-US\">A coal-fired power plant, coking plant and coal washery will be built alongside the metallurgical plants, a presentation prepared for investors showed.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p><span lang=\"EN-US\">Some of the steel output for the complex has been earmarked for export to China, while other products would be sold to countries in southern Africa, the executive said.<span class=\"apple-converted-space\">\u00a0<\/span><\/span><span lang=\"EN-US\">South Africa is already a major exporter of metal alloys to China.<span class=\"apple-converted-space\">\u00a0<\/span>Investors are hoping to receive the necessary environmental approvals by the end of March and would then start construction, Zitha said.<\/span><\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-safrica-brics-china\/chinese-investors-plan-10-billion-metallurgical-complex-in-south-africa-idUSKBN1KH1E8\">Leia mais<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p><small> 2 minutos<\/small> Chinese investors signed agreements to build a $10 billion metallurgical complex in South Africa during President Xi Jinping\u2019s state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters.\u00a0 South Africa\u2019s President Cyril Ramaphosa said at a joint news conference with Xi on Tuesday that China had committed to invest $14.7 billion in the South African economy, but neither leader mentioned the $10 billion complex.\u00a0Ramaphosa is on a mission to <a href=\"https:\/\/www.abrazpe.org.br\/index.php\/2018\/11\/04\/chinese-investors-plan-10-billion-metallurgical-complex-in-south-africa\/\" class=\"more-link\"><span>Continue lendo<\/span>\u2192<\/a><\/p>\n","protected":false},"author":4,"featured_media":2029,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["entry","author-adm_hb2018","post-2509","post","type-post","status-publish","format-standard","has-post-thumbnail","category-noticias"],"_links":{"self":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/2509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/comments?post=2509"}],"version-history":[{"count":1,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/2509\/revisions"}],"predecessor-version":[{"id":2510,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/2509\/revisions\/2510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/media\/2029"}],"wp:attachment":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/media?parent=2509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/categories?post=2509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/tags?post=2509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}