China`s ambitious plan to revive its ancient Silk Road through its much-touted One Belt, One Road initiative goes beyond vision and political rhetoric; it is already becoming a reality, a resources executive said Thursday.
It is developing cobalt production in Africa with Chinese partners and will, by 2018, be the largest supplier of the blue metal to the East Asian giant, said Sabotka.
The privately-held Kazakh-founded company headquartered in Luxembourg is the successor to Kazakhstan`s largest miner ENRC that was mired by allegations of corruption in 2014.
One Belt, One Road makes a difference to global development, said Sobotka.
"Without Chinese financing, we wouldn`t be building the size of the plant we are building and China wouldn`t be receiving these strategic raw materials," he said of the African cobalt project.
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