On November 18, China National Material Group (CNMG) reported that they received an oral notification from their business partner Dangote in Nigeria telling that their contract their cement project worth of US$1.8 billion dollars might have to be postponed regarding, and advanced payments might be deducted. CNMG said that due to the economic crisis foreign cement markets are changing in two ways: planning new projects by making use of the declining price of raw material and postponing some projects. CNMG’s project in Nigeria unfortunately belonged to the latter one.

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