World Economy

Chinese Take Over

Chinese  Take Over Chinese  Take Over

Greenland has transferred a large iron ore license to a Chinese company after now-bankrupt British London Mining was unable to fulfill its 30-year commitment to the multi-billion dollar project, AFP said. London Mining had been awarded the contract in 2013 but went bust a year later – when its operations in Sierra Leone were hit by the Ebola epidemic – and saw its assets acquired by Hong Kong-based General Nice Group.