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Charleroi lies on the banks of the river Sambre in an industrial region, which has been nicknamed "the Pays Noir" (Black Country) or "Wallonia's Birmingham", for its extensive coal deposits and ironworks. Once a major centre of steel production in Wallonia, Charleroi today is also known as one of the centres of excellence for the Information technology sector in Belgium with several companies such as Microsoft and Hewlett-Packard having offices there.