Source: China’s Tsingshan to invest $800 mln in its Zimbabwe steel plant | Reuters
MVUMA, Zimbabwe (Reuters) – Chinese nickel producer Tsingshan Holding Group plans to invest $800 million in its steel plant in central Zimbabwe through its unit Dinson Iron and Steel Company, a top company official said at a media tour on Friday.
Tsingshan, one of the world’s leading nickel producers, has already made significant investments in Zimbabwe. Apart from the steel plant, Tsingshan also has ferrochrome, coking coal and lithium mining businesses in the Southern African country.
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