Sunday, 14 Aug 2011
State controlled newspaper Noticias citing Huo Qinghua chairman of China Kingho Group reported that China Kingho Group will finance work on a coal terminal at Beira port and an upgrade of the Sena railway line linking the Moatize coal mines.
The Maputo based daily citing the executive speaking to Mozambique president Armando Guebuza reported that the company will invest USD 20 million in the first phase of the project.
(Sourced from Bloomberg)
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