13,092.93 TRY BIST 100 BIST 100
6.43 CNY CNY CNY
50.60 EUR EUR EUR
44.19 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
39.82 TRY Interest Interest
104.37 USD Fossil Oil Fossil Oil
5.77 USD Copper Copper
113.97 USD Silver Silver
107.52 USD Iron Ore Iron Ore
369.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,128.76 TRY Gold (gr) Gold (gr)
109.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

China, Zambia and Tanzania signed an agreement for a USD1.4 billion railway renovation project

China, Zambia, and Tanzania have reached an agreement to renew the Tanzania-Zambia Railway (Tazara), which transports mineral resources from southern Africa to the Indian Ocean via Tanzania's Dar es Salaam Port.

China, Zambia and Tanzania signed an agreement for a USD1.4 billion railway renovation project

A signing and groundbreaking ceremony for the USD1.4 billion project to be carried out with Chinese investment was held in Lusaka, the capital of Zambia. The ceremony was attended by Zambian President Hakainde Hichilema, Tanzanian Vice President Emmanuel Nchimbi, and Chinese Premier Li Qiang.

The project covers the renovation and expansion of the 1,860 kilometer railway line between Zambia and Tanzania. China will finance the construction costs, and the line will be operated by a Chinese company for 30 years. As part of the modernization, tracks, tunnels, bridges, stations, and related infrastructure will be built, increasing annual transport capacity from 100,000 tons to 2.4 million tons.

The Tazara Project holds strategic importance for transporting industrially critical minerals such as copper and cobalt extracted in southern Africa to global markets. Growing geopolitical competition in the region has brought renewed debate over which transport corridors will carry these minerals to the world. The U.S. backed “Lobito Corridor” aims to route shipments through Angola’s Atlantic port of Lobito, while the Japan backed “Nacala Corridor” targets transport via Mozambique’s Indian Ocean port of Nacala.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ukraine launches anti-dumping investigation into steel bars and angles of Turkish origin

Monday, March 16, 2026

Ekinciler is preparing for 180 tons of production per hour with the new Danieli K-Welding system

Monday, March 16, 2026

UK imposes new anti-dumping measure on tin products imported from China

Monday, March 16, 2026

Chinese economy gets off to a strong start in 2026

Monday, March 16, 2026

British Steel public spending reached GBP 377 million

Monday, March 16, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now