Chinese Copper Miners Join $1.2 Billion African Rail Revamp
A speech by Chinese President Ji Xinping broadcast at the Tanzania-Zambia Railway Authority (TAZARA) memorial park in Lusaka, Zambia, in 2023.
Photographer: Zinyange Auntony/BloombergChinese mining, shipping and logistics companies are joining a $1.24 billion project to revamp a railway linking Zambia’s copper region to a port on the Indian ocean.
Copper producers CMOC Group Ltd. and Zijin Mining Group Co. are teaming up with state-owned China Civil Engineering Construction Corp., or CCECC, to upgrade the 1,860-kilometer (1,156-mile) rail line that runs to Dar es Salaam in Tanzania.