
South African mining company Kropz, backed by billionaire Patrice Motsepe, will halt phosphate rock production at its Elandsfontein mine, marking a setback for an investment reportedly totalling R2.6 billion. A contractor involved in the project has warned that as many as 238 jobs could be cut as a result of the stoppage. The development highlights mounting difficulties at the phosphate operation, according to Moneyweb.
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