“Mali and Chinese company to build explosives factory Mali and Chinese company Beijing Auxin Chemical Technology Ltd signed an agreement to build an explosives factory. Mali will receive 51% of the shares of the enterprise, which is planned to be built in 12 months.”, — write on: unn.ua
Details
The plans are expected to allow Mali to better control civilian use of the devices, which are used mainly in the quarries and mines of Africa’s third-largest gold producer.
A shareholders agreement signed between the two companies gives Mali a 51% stake in the plant, with the rest owned by the Chinese company. In addition to providing financing, Beijing Auxin will provide the expertise needed to build the unit.
The plant is scheduled to be completed in 12 months at a time when Mali has seen an increase in attacks by militants linked to al-Qaeda and the Islamic State.
A Ukrainian company will build a factory for the production of new generation explosives in LithuaniaOctober 16 2024, 21:50 • 66169 views