Signed operator deal gives Musina-Makhado SEZ energy cluster green light
The energy and metallurgical cluster within the Musina-Makhado special economic zone (SEZ) has entered implementation phase. This follows the signing of an operator agreement with Shenzhen Hoimor Resources Holdings, which will operate and manage the cluster, while at the same time investing $3.8bn (almost R50bn) in the complex. The cluster is expected to produce high-grade steel for the domestic and export market, and its manufacturing capacity will consist of power, coking, ferrochrome, pig iron, steel, stainless steel and lime plants, and supporting facilities. At the signing ceremony on Friday, Musina-Makhado SEZ chairperson Tshepo Phetla said that this constellation of industries would have spin-off effects for economic growth in region and the province at large. "This is one project that I believe will revolutionalise the province in terms of its quest to industrialise. We believe that this partnership with Shenzhen will take us far and will create 22,000 direct jobs," Phetla s...
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