Beijing Songshanheli Mining Investment Co. Ltd, a private Chinese mining company, is pleased to announce the signing of a joint venture agreement with Jinchuan Mining (JNMC) for a strategically located group of prospecting licenses in northwestern Tanzania.
Chinese joint ventures not only shore up the resources necessary to support their growing economy in strategic locations but they also help to divest their dollar holdings without disrupting the global credit markets. Eastern African is logically choice for those acquisitions.
Source: earthtimes.org
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