Delivering a multi-phase, capital-intensive steel programme demands institutional-grade leadership across metallurgy and steelmaking, plant construction, mining-customer relationships, energy procurement and project finance, together with the governance a DFI-and-commercial consortium requires.
9.1 Executive structure
|
Position |
Responsibility |
|---|---|
|
Chief Executive Officer |
Strategy, mining relationships and stakeholders |
|
Chief Operating Officer |
Plant operations, production and utilisation |
|
Chief Financial Officer |
Project finance, treasury, controls and reporting |
|
Metallurgical / Technical Director |
EAF, rolling, consumables and quality |
|
Supply-Chain & Energy Director |
Scrap sourcing and power procurement |
|
Commercial Director |
Mine-supply contracts, distribution and export |
Table 9.1 Executive management structure.
9.2 Governance & controls
A capital programme of this scale requires a board with independent and DFI representation, a dedicated project-management office for plant delivery and cost control, rigorous scrap and energy procurement management, strong quality-certification systems (essential for mining-consumables qualification), and the covenant and reporting infrastructure the funding consortium requires. Milestone-based drawdowns, a debt-service reserve and independent technical oversight provide protection through the build.
NoteMetallurgical, energy and commercial execution is the variable to underwrite
For an integrated steel-and-consumables build, the depth of metallurgical and plant-delivery capability, the energy-procurement strategy, and the strength of mining-customer relationships matter as much as the commercial thesis. Diligence should test the technical team’s steelmaking and grinding-media track record, the scrap and power arrangements, the quality-certification pathway for mining consumables, and the commercial pipeline of mine-supply contracts. The quality of these arrangements, energy and mine relationships especially, will do more to determine the outcome than any single financial assumption.