That may or may not be the case but media reports and company websites show things are actually happening as far as turning iron ore into steel for the local market. One of the websites says the plan is to mine about 6mtpa, so Mr Gupta appears to be quite serious. The question I couldn't answer from the media reports is whether Mr Gupta has started mining or is still in the development phase.
It would be really interesting to compare the spec of the iron ore at the Ajaokuta and AIG projects with Kogi's.
Bankable Feasibility Study Schedule, page-75
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