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Reuters reported China’s Sichuan Hongda Co. Ltd.(SHA:600331) has signed a $3 billion deal with Tanzania to mine coal and iron ore.
Reuters reported China’s Sichuan Hongda Co. Ltd.(SHA:600331) has signed a $3 billion deal with Tanzania to mine coal and iron ore.
The market news is quoted as saying,
Dubbed the single-biggest investment deal in east Africa, Sichuan Hongda will own 80 percent of the joint venture project, with the remaining stake held by Tanzania’s state-run National Development Corporation (NDC).
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