Thursday, August 07, 2008

China pumps money into Zim

From Africa's path Cheetah Index:

from SA news24;

Credit - Zimbabwe Stock Exchange
Zimbabwe Stock Exchange

FIN 24 writes, "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.

The mines are reportedly being developed at claims - one in the Midlands and the other in Zambezi Valley - both owned by ZMDC."...(link has the rest of the story)

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