Brief: Erdemir Says Construction of Pelletizing Plant Investment In Bingol-Avnik Iron Mine Field Started

Eregli Demir ve Celik Fabrikalari

15/03/2024 06:40

March 14 (Reuters) - EREĞLİ DEMİR VE ÇELİK FABRİKALARI
 EREGL.IS :
    * SAID ON THURSDAY 80% OF DRILLING WORKS WERE COMPLETED IN
2023
AND CONSTRUCTION STARTED WITHIN SCOPE OF INVESTMENT WHICH IS A
PELLETIZING PLANT WITH AN APPROXIMATE COST OF 550 MILLION USD IN
THE BINGOL-AVNIK IRON MINE FIELD 
    * DRILLING ACTIVITIES CONTINUE IN 2024
    * THE LARGEST DRILLING WORK IN HISTORY OF TURKEY HAS BEEN
CARRIED
OUT IN MENTIONED AREA WITHIN THE INVESTMENT LICENSED IN THE NAME
OF SUBSIDIARY ERDEMIR MADENCILIK SANAYI VE TICARET (ERMADEN)
    * CONSTRUCTION OF THE INVESTMENT, WHICH HAS A TOTAL IRON ORE
RESERVE OF APPROXIMATELY 250-300 MILLION TONS, HAS STARTED


        
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