Bolivia Wednesday signed a contract to develop the Mutun iron and steelworks with China's Sinosteel Equipment & Engineering, Boliva's Corporacion Minera de Bolivia (Comibol).
Bolivian President Evo Morales signed the contract. "They (Sinosteel) will install the mill in two and a half years, delivering the industry and accompanying us during a year to manage our industry," he said in a Comibol statement. "After the contract ends they'll leave and the industry will be for the Bolivians, who will administrate it."
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