Aroundtheworld

Currency swap with Nigeria

The People’s Bank of China (PBC), the country’s central bank, said on Thursday it has signed a threeyear bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion).

PBC said the swap deal will facilitate trade and investment, and safeguard the stability of financial markets of both countries, according to a short statement on its website.

TCO shipment services start

COSCO Shipping Specialized Carriers Co on Wednesday launched transport services for the Tengizchevroil (TCO) project, the world’s largest oil and gas development project, industry news site ship.sh reported on Thursday.

TCO is a joint venture set up in 1993 between Chevron , ExxonMobil , KazMunayGas and LukArco.

The company’s semi-submerged ship, which weighs about 20,000 tons, will first load K101/K102 modules of the project in South Korea and ship them to Hamina, Finland, according to the report.

Ganfeng eyes Australian lithium

Jiangxi-based Ganfeng Lithium Co and South Korea’s LG Chem are among parties that have approached mining services provider Mineral Resources about buying a stake in one of its Australian lithium mines, Bloomberg reported Wednesday, citing people familiar with the matter.

Japan’s Mitsui & Co and Chinese battery maker CATL have also showed interest in the asset and in securing lithium output, the people noted.