Dec 03, 2022 04:59 AM

BUSINESS

Tsingshan Expands Investment in Zimbabwe

By Ly Yutong and Denise Jia

What’s new: Chinese stainless steel and nickel giant Tsingshan Holding Group Co. agreed with the government of Zimbabwe to expand its investment in steel and coke capacity and start cement and lithium mining and processing in the southern African country, Tsingshan said Friday.

Zimbabwe President Emmerson Mnangagwa and Tsingshan’s founder and Chairman Xiang Guangda oversaw the signing of the agreement Tuesday in Harare.

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