Sinosteel requests payment of $45 mn, ESM could break the contract

Tensions arise between Empresa Siderúrgica Mutún (ESM) and Sinosteel. The Chinese company asked for $45 million to deliver the report to the final design of the project, paralyzed since January, arguing that the state has not cancelled debt for equipment orders for six months. The ESM is preparing a contingency plan if the contract break. The state-owned company paid $104 million, and the steel plant has an advance of 3%.

Source: El Deber