Subscribe free to our newsletters via your
. GPS News .




AFRICA NEWS
SLeone, China sign huge infrastructure deal
by Staff Writers
Freetown (AFP) May 16, 2013


China has signed $6 billion mining and construction deal with Sierra Leone, which the west African nation said Thursday would boost an economy still recovering from an 11-year civil war.

The private China Kingho Group will build a $1.7 billion north-south railway stretching 250 kilometres (155 miles), an industrial park, a deep water port for the transportation of ore to China, and a "mineral resources project", a government statement said, without elaborating.

Sierra Leone remains one of the world's poorest countries after the conflict which ended in 2002, but its mineral riches -- which include diamond, gold, bauxite, titanium ore and magnetite iron-ore -- have attracted massive investments.

Sierra Leone mineral resources minister Minkailu Mansaray said coal miner Kingho, which already has mining and construction interests in Sierra Leone, "remains a key player in the country's development".

"As a government, we will continue to encourage investors which are reliable, committed and trustworthy to beef up our economy," the minister said.

Kingho chairman Huo Qinghua noted that "with the signing of the agreement, Sierra Leone will have the lion's share of the company's investment, economic growth and other social amenities".

The railway from the northern mining district of Tonkolili to the southern coastal town of Sulima will be the second in Sierra Leone funded by China.

Iron ore miner African Minerals owns a 120-km line built by another Chinese firm which transports raw ore to a specially constructed port in the north of the country for export.

The authorities did not disclose the timeframe of the projects.

.


Related Links
Africa News - Resources, Health, Food






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AFRICA NEWS
'Massive' troop deployment in Nigeria's northeast
Abuja (AFP) May 16, 2013
Nigeria's military has announced a "massive" deployment of troops to its restive northeast, after the president declared a state of emergency in areas where Islamist insurgents have seized territory. A military source speaking on condition of anonymity told AFP Wednesday that fighter jets would also be deployed to the region, raising the possibility that Nigeria could carry out air strikes w ... read more


AFRICA NEWS
Invasive Asian stink bugs threaten fruit crops in Michigan

Measure on Amazon sugar cultivation gains in Brazil Congress

Flower power fights orchard pests

Banks accused of funding Asian land grabbing

AFRICA NEWS
Bright Future For Photonic Quantum Computers

New magnetic graphene may revolutionize electronics

Flawed Diamonds Promise Sensory Perfection

Scientists develop device for portable, ultra-precise clocks and quantum sensors

AFRICA NEWS
China 'will not accept' carbon tax on EU flights: report

F-35A Completes High Angle Of Attack Testing

India commissions first MiG-29K fighters

Chinese, Indian airlines face EU pollution finesw/ll

AFRICA NEWS
Hong Kong launches first electric taxis

China owner smashes up his Maserati in service protest

Germany's Volkswagen plans new China car plant

Big Three US automakers to skip Tokyo Motor Show

AFRICA NEWS
EU, China have much to lose if trade war breaks out: analysts

Greek PM in China touts country as European 'gateway'

Apple, US lawmakers in offshore tax showdown

Environmentalist outrage as Rio Tinto gets mine go-ahead

AFRICA NEWS
Indonesia court ruling boosts indigenous land rights

Indonesia extends logging ban to protect rainforest

Indonesia extends logging ban to protect rainforest

Loss of Eastern Hemlock Will Affect Forest Water Use

AFRICA NEWS
New Public Application of Landsat Images Released

1000mph land speed attempt relies on DMCii eye in the sky

Vietnam to launch second remote sensing satellite into orbit by 2017

e2v image sensors launched into space on board Vietnam's first optical Earth observation satellite

AFRICA NEWS
UC Riverside scientists discovering new uses for tiny carbon nanotubes

First precise MEMS output measurement technique unveiled

Going negative pays for nanotubes

Researchers develop unique method for creating uniform nanoparticles




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement