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Vol 49 No 14

Published 4th July 2008


The Russians are coming

Looking for big projects and with plenty of cash, three Russian companies are ready to invest in Zambia's mines

Three Russian companies plan to inject over US$2 billion into Zambia's mining sector. If this project is successful, it will be the country's single biggest foreign direct investment. Moscow's outgoing Ambassador, Anvar Azimov, said the Russian companies concerned want to concentrate on greenfield mining projects. About 30 other Russian investors have also visited Zambia in recent months to explore business opportunities.

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