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Rio Tinto Finds Iron Ore in Botswana, Chamber of Mines CEO Says

Rio Tinto Group, the world’s second-biggest mining company, may have found “huge” deposits of iron ore in southern Botswana, according to the chief executive officer of the country’s chamber of mines.

The discovery in an area called Werda is thought to be an extension of South Africa’s Sishen deposits, which are mined by Anglo American Plc’s Kumba Iron Ore Ltd., chamber CEO Charles Siwawa said yesterday in an interview in Walvis Bay, Namibia.