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According to the statement, the agreement was signed by Minister of Steel Development Shuaibu Audu when he led a Nigerian delegation to Moscow, Russia, on a working visit.
The Plant which was in full operation during the visit has an Electric Arc Furnace capacity of 1.2 million metric tonnes of Steel products per annum with a staff strength of 3,900 workers.
An 85% stake in De Beers makes Anglo the world's largest diamond miner. As with platinum and palladium, there's big upside to Chinese diamond demand, which now stands at about 10% of the global total.