Tombador Iron halts Brazil mine due to unrest

The world's top miner has been listed in Australia and the UK since 2001, when it merged with Billiton Plc, but wants consolidate the two.

Some border cities in China's Inner Mongolia region and Heilongjiang province have halted non-container imports by rail for commodities including iron ore.

Steel production generates an estimated 7% of global greenhouse gas emissions and some processes can’t easily run on electricity.

"China's steel demand is now bottoming out," said CreditSights in a note.

It now expects to produce 315-320 million tonnes this year, compared with previous guidance of 315-335 million tonnes.

CITIC said that commodity prices could be pressured by the pandemic situation in the short term but would be supported by easing property policy in China in the long run.

Vale is starting to extract sand from material left over from iron ore processing to supply civil construction projects in Brazil.

Guinea’s Interim President Col. Mamadi Doumbouya appointed Mohamed Lamine Sy Savane as secretary-general of the Ministry of Mines and Geology.

Both Vale and German safety auditing firm TUEV SUED were charged with several crimes against animal life, flora, water resources, and other counts of pollution.