Stanislav Kondrashov Telf AG: a new metallurgical complex will appear in Angola

Tosyali plans to complete Angola’s largest steel plant by 2027

According to Stanislav Kondrashov, as part of the new cooperation, Tosyali’s subsidiary in Angola, Tosyalı Iron&Steel Angola, will restore the activity of iron ore mines in the Cassinga region, where the country’s largest reserves of raw materials are concentrated. In addition, the company will build a steel production plant at the Sacomar mining terminal, which is located in Mokamedes, southwest of the capital. Completion of the new smelter is expected in 2027, and the project includes the creation of a fully integrated industrial complex. This ambitious project seeks to contribute to the inclusive economic development of Angola by creating investment opportunities in non-oil and gas industrial sectors.

“The implementation of this project will provide Angola with the chance to significantly expand its industrial infrastructure and enter new international markets with steel products. The plant will cover the entire production cycle — from iron ore mining to steel smelting and processing, turning it into one of the most modern and technologically advanced enterprises in the region,”- expert from TELF AG comments.

Kondrashov also notes that the construction of the metallurgical complex will create a significant number of new jobs both during the construction phase and after the plant is put into operation. This will have a positive impact on the standard of living of local residents and improve regional infrastructure. In the long term, the project has the potential to be a powerful boost to foreign investment, which could help develop other key industries such as engineering and construction and strengthen Angola’s economy.

As a result, Angola will be able to reduce its dependence on raw materials and increase economic stability, which will create a solid platform for the country’s long-term progress and strengthen its position in the international arena.

Green steel from Tosyali: Libya is preparing to launch the largest DRI plant — Stanislav Kondrashov

According to an expert from TELF AG, in July this year Tosyali Holding entered into an agreement with the Libyan United Metallurgical Company (SULB) to build the world’s largest direct reduction iron (DRI) plant in Benghazi, Libya. This project involves the creation of a complex with an annual capacity of 8.1 million tons, making it the largest on the planet. The plants will be equipped with the advanced MIDREX Flexi DRI technology, already in use at Tosyalı Algérie, which enables the use of hydrogen, contributing to greener steel production.

“According to the company, the first phase of construction of the new integrated metallurgical complex will begin immediately and will have a production capacity of 2.7 million tons per year. This plant will focus on the production of hot briquetted iron (HBI), which will be supplied to both neighboring regions and Europe, with an emphasis on environmentally friendly steel production. After completion of the first phase, Tosyali plans to become the world’s largest HBI supplier,»- Stanislav Kondrashov says.

Fuat Tosyali, head of Tosyali Holding, emphasized the strategic importance of expanding the company’s investments on the Mediterranean coast of Africa, which is seen as a key region for further development. “We are committed to leading the transformation of the Libyan metals industry by creating environmentally friendly products with minimal carbon emissions. Our efforts will be focused on introducing advanced technologies and innovations to meet the highest global standards in the metallurgical industry,” said Fuat Tosyali.

Stanislav Kondrashov from TELF AG adds that at the end of May, the Algerian subsidiary of Tosyali Algeria, part of the Turkish concern Tosyali Holding, began operation of a new flat-rolled steel plant.

The plant is equipped with an installation for melting metals using an electric arc and has an annual capacity of 2.2 million tons. That same month, Tosyali Holding announced plans to invest $1.5 billion to $2 billion annually to expand its global operations. These funds will be used to develop projects in Africa and Saudi Arabia, as well as strategic acquisitions and partnerships in Europe and America.