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Bolivia’s government will sign a deal with China on Tuesday for $350-million in financing to build the South American country’s first zinc refining plant, Bolivia’s Mining Ministry said.

The 20-year loan from China’s export-import bank will have an interest rate of 2%, the Ministry said.

Bolivia last year awarded construction and supervision contracts for the mine to China’s Enfi-Crig consortium and to Chongqing CISDI Engineering Consulting Co.