Brazilian mining giant Vale, the country's largest private company, announced on Friday the construction of a steel plant in the southeastern state of Espirito Santo.
The plant, to be established in the town of Anchieta, about 70 km from the state's capital Vitoria, is expected to start operation in 2014 and will be capable of producing five million tons of steel slabs per year.
According to Vale, the plant, to trade under the name CompanhiaSiderurgica Ubu (CSU), will have a low environmental impact. It will take into account socio-environmental conditions in Espirito Santo state and local features which are favorable for mining and metallurgy. Almost all the water used in the plant will be recycled and the dust dispersal in the air will be controlled.
The plant will generate 3,000 direct and 15,000 indirect jobs. The construction of the plant would generate another 15,000 jobs, Vale said.
The plant will require the construction of a new deep-water port and a railway which crosses 11 municipalities in the state. Vale is still looking for partners to build the infrastructure.
CSU will be Vale's fourth steel plant, joining ALPA (Acos Laminados do Para), located in northern state Para, ThyssenKrupp CSA, in southeastern state of Rio de Janeiro, and CSP (Companhia Siderurgica do Pecem), in northeastern state of Ceara. All the projects are still under construction.
The four plants are expected to produce a total of 18.5 million tons of steel per year.
Source: Xinhua
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