CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
Zambian President Rupiah Banda opened the country’s largest coal mine Friday, after Singapore’s Nava Bharat took over majority shares and invested $750 million (525 million euros) at the once defunct state entity.
Nava Bharat, a Singapore subsidiary of India’s Nava Bharat Ventures, has a 65 percent stake in Maamba Collieries, with Zambia’s government owning 25 percent through its Zambia Copper Mines Investment Holdings.