GABORONE, May 31 (Reuters) -
I kongwe Mine, Botswana's sole iron ore mining operation, has
stopped production due to falling export prices for the mineral,
a senior company official said on Wednesday. The mine, . | 04:50am
Ikongwe Mine, Botswana’s sole iron-ore mining operation, has stopped production due to falling export prices for the mineral, a senior company official said on Wednesday. The mine, owned by Botswana-registered Vision Ridge Investments, a unit of India's Yashomann Industries, began production in 2021 as prices of iron-ore, the main ingredient in steel production, soared to record highs of $240/t driven by demand in world number one steel producer China.
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