Mar 22, 2012
Illovo says prospects for Mali investment ‘constrained’Back
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Illovo had been appointed as the strategic partner in the MSP, which was scheduled to start production during this year.
The R2.6-billion project comprises two components. The agricultural component involves the establishment of a 14 132-ha irrigated sugar cane estate on the Niger river, in Markala, some 275 km north-east of the capital, Bamako. The estate is expected to produce 1.48-million tons of sugar a year.
The industrial component entails the construction of a sugar mill, an ethanol plant and a power cogeneration facility. The mill will have a cane crushing capacity of 7 680 t/d at full capacity, producing 190 000 t/y of sugar.
The sugar will be traded locally, as well as on the regional market, particularly in Burkina Faso, Niger and Senegal.
The ethanol plant is planned to produce 15-million litres of ethanol a year, while the cogeneration unit will generate 30 MW/y of electricity.
The sugar group's statement to shareholders also coincided with claims by mutineering Malian soldiers that they had seized power and that a military curfew had been imposed.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
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