Iron ore slump fails to end glut as Australia mines grow

The companies announced the verified discovery of one of the largest palladium mineral systems in Australia.

Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country.

The transaction is expected to close in early 2025.

The board of under-siege Mineral Resources faced grilling in Perth over a governance scandal, amid unexpected expressions of support.