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India Losing Iron Ore Market as Courts Shut Mines

Ambar Timblo has no work. For the first time in six decades his family’s iron ore mines in India’s western state of Goa are idle. A court-imposed ban on production drove away his biggest buyers in China and Japan.

“It will take me a decade to win back market share as there is tremendous uncertainty about supplies from India,” said Timblo, a London School of Economics graduate and a former national badminton player. “Our loss has been a gain for our rivals from other countries.”