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Essar Plans to Add $275 Million Mozambican Port to African Portfolio


Industry Segment: Metals & Minerals | Word Count: 207 Words

JOHANNESBURG--March 5, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--As part of its expansion plans into Africa, the Essar Group (Bombay, India) is planning to set up a 10 million-ton capacity port in Mozambique with a capital investment of $275 million. The port facility will be used to export products from Zisco, a Zimbabwean iron and steel company Essar acquired in 2010, from Zimbabwe to India.

Other companies features: Essar Energy (OTC:ESSRF)

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