Tanzanian gov and Chinese group form $3bn mining jv

摘要

The Tanzanian government has sealed a $3bn coal and iron ore deal with a Chinese partner, Steel Business Briefing learns via sister publication Platts Steel Markets Daily. Tanzanian parastatal the National Development Corporation (NDC) and Sichuan Hongda Group will create a two-phase 20/80 joint-venture in the country’s south called Tanzania China International Mineral Resources (TCMR), Tanzanian vice-president Mohamed Bilal announced on Wednesday.