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Sinosteel to invest $1 billion in Zimbabwe

China’s Sinosteel Corporation has agreed to invest $1 billion in Zimbabwe to build a power plant and increase ferrochrome output, the southern African country’s President Emmerson Mnangagwa said today. Sinosteel president Andong Liu said the Chinese firm planned to build three additional furnaces at its majority-owned Zimasco business, which would raise ferrochrome output by 120 ....

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