Data provided by McGregor BFA
All data is delayed
Loading...
See More

China rail firm in $1.4bn African contracts

Feb 15 2012 11:48 Reuters

Related Articles

SA, Swaziland to build R17bn rail line

State eyes R137bn passenger rail upgrade

Ndebele: Gautrain start of modern rail

Gautrain on track for new route permit

NPC eyes labour reform to tackle poverty

Gautrain gets safety permits

 
Shanghai - A subsidiary of China Railway Construction Corp has signed two projects in Africa with a total contract value of 9.1 billion yuan, the company said in a statement to the Shanghai Stock Exchange.

The value of the projects, located in Nigeria and Djibouti, equates to just under 2% of China Railway's 2010 operating income, the company said.

China Railway has actively pursued overseas investments this year. In late November, a consortium involving China Railway and Aluminum Corporation of China (Chinalco) announced a deal to develop an iron ore mine in Guinea.

The company is also part of a consortium of Chinese firms in talks with the Ecuadorian government on a gold mining project.
djibouti  |  nigeria
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Don't be voting cattle, warns Tutu

Archbishop Emeritus Desmond Tutu has warned South Africans to think carefully before they cast their ballots on 7 May.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...