Widespread Graft Is Found in India’s Iron Ore Mining

The New York Times reports illegal iron ore mining involving hundreds of Indian officials and powerful politicians has devastated local communities.

The market news is quoted as saying,

Karnataka and the neighboring state of Andhra Pradesh have large reserves of iron ore, but much of it is believed to be mined illegally as the price of the ore, which is in demand in China, India and other developing economies in Asia, has soared. Investigators say much of the Indian ore was illegally shipped to China.

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