Chinese billionaire eyes Zisco partnership

Chinese Billionaire Ding Liguo


A DELEGATION from the Chinese steel manufacturing giant, Delong Steel, was in the country this week scouting for investment opportunities with the possibility of the company entering into a partnership with one of Zimbabwe’s largest mining companies, Kuvimba Mining House (Kuvimba) for the revival of the defunct Zimbabwe Iron and Steel Company (Ziscosteel).

The delegation, headed by the firm’s founder and billionaire Ding Liguo, is scouting for opportunities in the mining sector. The delegation is looking for a possibility of setting up a steel manufacturing plant in the country.

Delong Steel representative Lv Yuhang told NewsDay Business that the company’s technical team would be in the country soon for further consultations.

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