An agreement may not be easy, according to Reuters sources, due to Samarco's liabilities related to its 2015 disaster in the city of Mariana.

BHP and Rio Tinto are trading at a one-month low, while Fortescue is at a three-month low.

Guinea has grown increasingly impatient with the companies that control the giant Simandou deposit.

Unions had threatened to strike for the past week if the Codelco board did not invest to upgrade the Ventanas smelter.

Gecamines, which owns 20% of the Tenke Fungurume mine, has accused CMOC of manipulating the project’s finances.

The stock is expected to trade on NYSE America and on Canada’s Toronto Stock Exchange.

Chinese steel mills are opting to reduce output amid weak profits and deteriorating demand prospects.