Rubanda Iron Ore Smelting Plant to Cost 1.5Bn Dollars

NEWS- The construction of Iron Ore Smelting plant on 420 Acres of Land in Rugaramiro Village, Muko Sub County in Rubanda district is anticipated to cost 1.5 Billion Dollars.

This has been revealed by Engineer Adams Kyeyune, Director Steam Investments Company, a company that has been contracted to construct Iron Ore smelting plant in the district while assessing the nature of Mines and land where the factory is set to be built together with the Rubanda West County Member of Parliament, Hon Moses Kamuntu Mwongyera, and the Director of Kamuntu Iron Ore Investment Limited Company.

According to Engineer Kyeyune, once the factory is constructed, it will be producing 5000 tons of steel per day. Kyeyune says that documentation is at 90 Percent and he hopes to start construction works in July. 

He however said that the factory will require 350 Megawatts of Electricity on a daily basis to run machines. He is optimistic that the factory will employ 40,000 direct and indirect employees.

Cue in……….Kyeyune on ore

Hon Moses Kamuntu Mwongyera says that he is hopeful the factory will benefit communities in Rubanda district and the neighboring districts. He implored locals to be cooperative and welcome the factory if they are to benefit from it.

Cue in………..Kamuntu on factory

The Rubanda district LC5 Chairman, Steven Ampeire Kasyaba emphasized the need for the factory to benefit the district in terms of Local revenue and residents both indirect and direct such that they get employed.

Cue in………..Kasyaba o investors

Not only building the factory, the steam Investment Company has pledged to build schools, hospitals, new police buildings and construct a new Rukiiko hall for Rubanda district as a way of making the area get developed for investors to live in since it is rich in Minerals.