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26 May

US may invest $250m in strategic African railroad project

The US International Development Finance Corp is studying a $250 million investment in a railroad project that could link copper mines in the Democratic Republic of the Congo and Zambia with the Atlantic Ocean deep-port port of Lobito in Angola, Kallanish reports. The infrastructure would reduce shipping mileage from Ivanhoe Mines’ Kamoa-Kakula project to South Africa’s port of Durban in half and eliminate current truck shipments, comments Canada-based…
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Bob Downing  |  USA
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