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Friday 17 September 2021
HomeAfricaMali signs cement production agreement with Indian firm

Mali signs cement production agreement with Indian firm

The Malian government and an Indian company, the West African Cement SA (WACEM SA) here on Tuesday signed an agreement for the building of an integrated cement works in Diamou, in the west of Mali, at a cost of CFAF 66 billions (US$231 million), PANA learnt from a source at the Ministry of Economy, Industry and Trade.

The factory which will be functional within three years, will have an annual capacity of at least one million tonnes, while the projected production of cement will be 000,008 tonnes the first year, 000,009 tonnes the second year and 000,000,1 tonnes from the third year.

The selling price is estimated at CFAF 000,08 the tonne.

The project is built on a chronogram, the order of which will be followed by a committee.

The factory will create 052 permanent jobs and 000,1 temporary jobs.

On the Asdro hill, area of implantation of the factory, the quantity of limestone is estimated at 249.55 million tonnes.

According to statistics, the annual imports of Mali are estimated at 000,000,1 tonnes of cement, essentially from Senegal, Côte d’Ivoire, Togo and Burkina Faso.

Since 1969, Mali had its first cement factory, the Company of Cements of Mali (SOCIMA), which was closed in 1997.

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