Tag Archives: steel

NEW mine and railine to gobble $130 million

By TITUS YABO UNIVERSAL Mining and Chemical Industries Limited (UMCIL) has said it will invest over US$130 million in the development of two iron ore mines and a railway line from Lusaka to Mumbwa. UMCIL director Bright Chunga said in … read more »

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Chinese keen to invest in iron, steel

By NANCY MWAPEA DELEGATION of Chinese investors is in Zambia to explore possibilities of investing in iron and steel projects in North-Western Province. The investors led by China’s Hubei Province deputy director general under the Ministry of Commerce, Zhoeg Jian, … read more »

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Chinese investments in Zambia have reached about $2bn – Mutati

By Fridah Zinyama COMMERCE minister Felix Mutati has revealed that Chinese investments in Zambia have reached about US $2 billion. And Mutati said president of the Industrial and Commerce Bank of China (ICBC) has committed about US $300 million to … read more »

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