• BSB’s net profit jumps 230%July 9, 2025
    Delivers P76.8m net profit from P23.3m   RelatedPosts BSB’s net profit jumps 230% BPP feasting on the BDP CEOs face axing STAFF WRITER editors@thepatriot.co.bw   Botswana Savings Bank (BSB) has hailed its bold three-year strategy – Lesedi 2022-2025 –… Read more: BSB’s net profit jumps 230%
  • BPP feasting on the BDPJuly 8, 2025
    Welcomes defecting BDP members Ex-minister Makgalemele dumps BDP to join BPP Motive of some seen as opportunistic BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BSB’s net profit jumps 230% BPP feasting on the BDP CEOs face axing A strategic partner in the… Read more: BPP feasting on the BDP
  • STRIDES FOR SUCCESS: VACANICESJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • FARM TRAQUAIR : FARM WORKERJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • UNIVERSITY OF BOTSWANA : Professor in SociologyJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Monday, July 14, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Subscribe
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home Business

Botswana delivers first iron ore exports to China

patriot by patriot
November 4, 2021
in Business
250
0
491
SHARES
1.4k
VIEWS
ShareShareShare

Botswana’s first iron ore mine, Ikongwe, has started production and delivered its maiden exports to China, a company official told Reuters on Tuesday, as the Southern African country makes headway in efforts to diversify its economy away from diamonds.

Although diamond mining’s contribution to GDP has declined over the years and was less than 20% last year, Botswana is still heavily reliant on the precious stones, with diamonds accounting for more than 70% of foreign currency revenues.

RelatedPosts

BSB’s net profit jumps 230%

Rough diamonds turbulence

BVI ships over 500 000 doses of FMD vaccines to SA

Top of Form

The first exports from the Ikongwe mine, owned by Vision Ridge Investments, a unit of India’s Yashomann Industries, reached China in September.

“We have an order of 50,000 tonnes per month from a state-owned steel manufacturing company there,” Vision Ridge director Chetan Patil said.

Vision Ridge aims for Ikongwe to produce one million tonnes of iron ore per year over an initial 10-year lifespan, with a grade of up to 65%.

The exports currently go via South Africa, in containerised shipments, but Vision Ridge is in talks with Botswana Railways to organise bulk shipments through Mozambique’s port of Maputo, Patil said.

“This should help us to ramp up production and exports,” he said.

Prices for iron ore, which is the main ingredient in steel production, have soared over the past year to reach record highs of $240 per tonne in May driven by strong demand from China which produces most of the world’s steel.

China has been seeking new sources of iron ore amid a trade war with its top supplier Australia.

[Reuters, mining.com]

Related

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

New Ntlhantlhe Post Office opens

Next Post

Makwala: perseverance, discipline personified

Related Posts

BSB’s net profit jumps 230%
Business

BSB’s net profit jumps 230%

July 9, 2025
Rough diamonds turbulence
Business

Rough diamonds turbulence

July 7, 2025
BVI ships over 500 000 doses of FMD vaccines to SA
Business

BVI ships over 500 000 doses of FMD vaccines to SA

July 2, 2025
BTCL enjoys strong growth
Business

BTCL enjoys strong growth

June 30, 2025
From tenderpreneurship to true entrepreneurship
Business

From tenderpreneurship to true entrepreneurship

June 27, 2025
Digital Public Infrastructure as a Strategic Imperative
Business

Digital Public Infrastructure as a Strategic Imperative

June 27, 2025
Next Post
Makwala: perseverance, discipline personified

Makwala: perseverance, discipline personified

  • BSB’s net profit jumps 230%July 9, 2025
    Delivers P76.8m net profit from P23.3m   RelatedPosts BSB’s net profit jumps 230% BPP feasting on the BDP CEOs face axing STAFF WRITER editors@thepatriot.co.bw   Botswana Savings Bank (BSB) has hailed its bold three-year strategy – Lesedi 2022-2025 –… Read more: BSB’s net profit jumps 230%
  • BPP feasting on the BDPJuly 8, 2025
    Welcomes defecting BDP members Ex-minister Makgalemele dumps BDP to join BPP Motive of some seen as opportunistic BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BSB’s net profit jumps 230% BPP feasting on the BDP CEOs face axing A strategic partner in the… Read more: BPP feasting on the BDP
  • STRIDES FOR SUCCESS: VACANICESJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • FARM TRAQUAIR : FARM WORKERJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
  • UNIVERSITY OF BOTSWANA : Professor in SociologyJuly 7, 2025
    RelatedPosts STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER UNIVERSITY OF BOTSWANA : Professor in Sociology
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?