Steel Plant in Nigeria caused interest among CHINESE METALS
China#39;s state metal trader Sinosteel in discussion with the Government of Nigeria for the acquisition and increase the capacity of local metallurgical plant from 1.3 to 5.6 million tons, said Musa Mohammed Sada (Musa Mohammed Sada), Minister of Mines and metallurgical industries of Nigeria, during the visit of the Nigerian delegation to Beijing.
He said that the acquisition and expansion of the plant will provide Nigeria inflows of about $ 6 billion
The minister#39;s hope that they will come to an agreement. The Nigerian government has 80% shares in Steel Plant, 20% owned by the employees and the local community.
In addition, the authorities of African countries explore iron ore deposits in the territory, to put them up for sale by the end of the year, said Musa Sada.
During the visit, the officials of the government of Nigeria is also touched upon the issue of attracting cheap Chinese resources for infrastructure and transport projects in the country.
