MetProm

Areas of activity

As of July 2018, the company provides the following services:

• integrated execution of projects on turnkey terms;
• technical consulting;
• pre-design studies (justification of investments, basic technical solutions, feasibility study);
• services of the Technical Customer;
• engineering surveys;
• design and working documentation;
• examination of design documentation;
• supply of main and auxiliary equipment;
• construction and installation works;
• author's supervision;
• construction supervision;
• supervision and commissioning of the facility.

History

2020: Nigeria Steel Plant Recovery Plan

As the Minister of Mining and Metallurgy Development of Nigeria Olamilekan Adegbite said in January 2019, a memorandum of understanding should be signed by the end of January to finance the restoration of the Ajaokuta Steel plant, almost built in 1979, but never commissioned.

The cost of the project will be $1.46 billion. Of these, $1 billion should be provided by the African Export-Import Bank (Afreximbank), and the remaining $460 million by the Russian Export Center.

The restoration of the Ajaokuta Steel plant, which was built by Soviet specialists, was discussed at the RussiaAfrica summit "-" in October 2019. It is assumed that the project will be implemented by the Russian group of companies "MetProm." The period of work is estimated at 2-3 years. After the launch of the enterprise, it will be managed by Russian representatives.

The Nigerian government, for its part, promises to solve all problems with providing the enterprise with raw materials, primarily iron ore. According to Minister Adegbite, the launch of Ajaokuta Steel will play a crucial role in the development of the country's economy, since "industrialization requires its own steel production."