china’s interest in africa picking up as its e

http://www.miningweekly.com/article/as-chinas-economy-recovers-its-interest-in-african-mining-increases-2013-02-22

i like the last few paragraphs......

Right now, the Sichuan Hanlong Group is busy concluding a $1.5-billion take-over of Australia’s Sundance Resources, which is developing the Mbalam iron-ore project, which straddles the border between the Republic of Congo and Cameroon. This deal should be concluded by the end of this month or the beginning of next month (March), and it is being financed by the China Development Bank.

Sichuan Hanlong is reported to be trying to interest two other Chinese groups, Hebei Iron & Steel and Wuhan Iron & Steel, to invest in Mbalam. Wuhan already has iron-ore projects in Africa, in Liberia and Madagascar.

With the Chinese economy accelerating again, more such deals, in many areas of mining, and across the entire African continent, can be expected.

Edited by: Martin Zhuwakinyu