China NORINCO exported mining equipment and six large mining dump trucks to the Zimbabwe
Commitment amount
$ 639068.2188
Constant 2017 USD
Summary
Funding agency [Type]
China North Industries Group Corporation Limited (NORINCO Group) [State-owned Company]
Recipient
Zimbabwe
Sector
Transport and storage (Code: 210)
Flow type
Grant
Concessional
Yes
Category
Project lifecycle
Description
In 2006, China exported mining equipment and six large mining dump trucks to the Zimbabwe Mining Development Corporation in Harare. The trucks and additional equipment, valued at $362,400, were imported from China North Industries Corporation (NORINCO) with more than $300,000 USD as 'image ambassador' for the Chinese company.
Additional details
Based on the vagueness of the media reports it is possible that either this equipment was donated in-kind with a supplemental $300,000 grant, or the equipment was purchased at a heavily concessional rate, or that the media report misrepresented the true cost of the mining equipment.
Number of official sources
0
Number of unofficial sources
3
Details
Cofinanced
No
Receiving agencies [Type]
Zimbabwe Mining Development Corporation (ZMDC) [State-owned Company]
Implementing agencies [Type]
China North Industries Group Corporation Limited (NORINCO Group) [State-owned Company]; Zimbabwe Mining Development Corporation (ZMDC) [State-owned Company]