Monday, November 10, 2008

China pumps money into Zim

China has further strengthened its ties with Zimbabwe after Chinese mining giant China Jiangxi Corporation for International and Technical Cooperation (CJIC) announced plans to form a joint venture company with the Zimbabwe Mining Development Corporation (ZMDC) to mine chrome in Zimbabwe. According to a report carried by The Zimbabwe Guardian on Wednesday, CJIC has agreed to bankroll the development of two chrome mines.
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