CHINA's Dadi Engineering Development Group has taken a 20% stake in SA-based Promet Engineers Africa for an undisclosed sum to get involved in mining and infrastructure projects in Africa.
The merged entity, Promet Dadi Africa, now has lump-sum turnkey project capabilities of up to $300m in respect of engineering, procurement and construction. This includes mine development, and port, process, plant and materials handling.
But more than that, it reflects the blossoming relationship between China and SA.
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