Baobab Resources is looking to sell a majority stake in its planned iron and steel production facility in Tete province to a Chinese partner to help finance the $1 billion project that it says should kick-start industrial development in Mozambique. Baobab has engaged Standard Bank to help it find a strategic investor for its project…...

A steel mill built by the Metallurgical Corporation of China (MCC) in Guangdong Province. Photo © MCC