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Sierra Leone: Chinese steel firm to invest in $700m iron ore processing plant

African Business | December 12, 2016 | 1:59 pm Africa Asia China Iron Ore 

Chinese steel firm Shandong Iron and Steel Group plans to invest $700m iron ore processing plant at its Tonkolili mine in Sierra Leone. Shandong currently exports all of the ore it produces at its mine to the Port of Qingdao in China in an unprocessed state.

The investment, which was discussed by Sierra Leone’s President Ernest Bai Koroma during a visit to China last week, would represent the biggest industrial investment in the country’s history and provide a long-term boost to the national economy.

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