Fuat Tosyali & Sebastiao Gaspar Martins
During the visit to the Tosyalı Demir Çelik İskenderun Plant by Diamantino Pedro Azevedo, the Minister of Mineral Resources, Petroleum, and Gas of the Republic of Angola, along with his delegation, Tosyalı Iron & Steel Angola revealed plans to enhance its current iron ore investments and establish a comprehensive iron and steel manufacturing facility.
Tosyalı, a global leader in green steel production, has made significant investments in Türkiye, Algeria, Benghazi, Libya, Senegal, Angola, and Spain. The company announced its intention to further increase its investments in Africa through a new partnership in Angola.
Following the tour of the Tosyalı Demir Çelik İskenderun Plant, Diamantino Pedro Azevedo, along with Jose Gonçalves Martins Patricio, Angola's Ambassador to Türkiye, and Sebastiao Gaspar Martins, Chairperson of the Board of Directors of Sonangol, Angola's Oil and Gas Production Company, received additional positive news from Tosyalı.
In line with its strategic objectives, Tosyalı Iron & Steel Angola intends to partner with Sonangol, the national oil company of the Republic of Angola, to establish an integrated iron and steel manufacturing facility, complementing our existing iron ore investment. The plan involves reactivating iron ore mining operations in the Kassinga Region and subsequently constructing a steel plant at the Sacomar Mining Terminal in Mocamedes, southwest of the capital city Luanda.
In reference to the newly established collaboration, Fuat Tosyalı, Chairman of the Board of Directors of Tosyalı Holding, expressed his delight in welcoming the Minister and his accompanying delegation to Tosyalı Demir Çelik İskenderun Plant, widely recognized as the epicenter of green steel production in Turkey.
Tosyalı emphasized the significance of this visit in reaffirming Tosyalı’s unwavering belief in the potential of Angola and our steadfast support for the nation’s strategic shift towards non-oil and non-gas sectors, particularly in the domains of iron, steel, and mining. He conveyed his sincere hope that this expanded partnership structure would yield mutually beneficial outcomes for both countries.
Tosyalı is advancing its investments in the Kassinga Region, recognized for possessing the largest iron ore reserves in Angola, with the intention of operating iron ore mines in this area. The company aspires to achieve an annual processing capacity of 10 million tons of iron ore in phases, leveraging the 2 billion tons of iron ore reserves available.
The establishment of a new steel plant, scheduled for completion in 2027, will culminate in a fully integrated industrial complex that encompasses the entire value chain from mining to production. This initiative is designed to facilitate Angola's industrial investments beyond the oil and natural gas sectors and to foster broader economic development within the local community.