By Carli Lourens and Franz Wild

April 22 (Bloomberg) -- China Railway Group Ltd., Asia's biggest construction company, and Sinohydro Corp. agreed on a $4 billion venture to build a mine, roads and power plants in the Democratic Republic of Congo.

China Railway will own 43 percent of the venture and Sinohydro 25 percent, China Railway said in a statement to the Hong Kong stock exchange today. Congo Mining and Congolese national Gilbert Kalamba Banika will hold 32 percent, it added.

Full Story...

Posted by boyang at April 22, 2008 10:58 AM