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GLISCO expansion of iron processing in Mbarara. 75,000MT steel smelting, 150,000MT sponge iron, 250,000MT wire rods. Mining lease in Kisoro with hematite ore (Fe 80%+).
USD 53 Million
20-30% annually
36-48 months
USD 2B (Great Lakes region steel market)
GLISCO seeks to expand its production facilities in Mbarara. The project cost is USD 53 million for construction of an iron processing plant, acquisition and installation of equipment for manufacture of sponge iron, steel billets, wire rods, etc.
Project capacity: 75,000 MT of steel smelting, 150,000 MT of sponge iron, and 250,000 MT of wire rods.
Mining lease (ML No. 702) dated November 8, 2010, covering approximately 451.686 Ha (4.52 km2) in Kisoro District, containing rich Hematite Iron Ore deposits (Fe content 80%+), expiring November 8, 2031. NEMA Certificate obtained November 2, 2023.
10% annually (construction steel demand)
Regional steel supply to Great Lakes
780+ direct jobs
5-7 years
Key Risk
Mining lease management, energy costs for smelting
Ministry of Energy and Mineral Development (MEMD)