China Co-Signs 3 Bln Tanzania Coal, Iron Deal

From Reuters

China”s Sichuan Hongda Co. Ltd. has signed a $3 billion deal with Tanzania to mine coal and iron ore in the resource-rich east African country, local media said on Thursday.

The investment involves construction of the Mchuchuma integrated coal mine, a 600-megawatt (MW) thermal power station and the Liganga iron ore mine in southern Tanzania.

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