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30 Jun
01:00

China's Pangang visits Nigeria, maybe for steel investment?

China’s Panzhihua Iron & Steel Group (Pangang) is considering investing in a greenfield steel plant in Nigeria, following the Chinese company’s failure to take over the local Ajaokuta integrated steelworks, according to the Nigerian press. Kallanish was unable to obtain comment from the Nigeria Investment Promotion Commission (NIPC) to confirm or deny the rumour. Local reports note that a 12-man Chinese delegation led by Pangang’s preside…
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