Dalian iron ore scaled one-month high on China demand optimism.

The world’s second-largest producer of iron ore continues to weigh up the pros and cons of forming a separate company with its copper and nickel mines in Canada, Brazil and Indonesia.

Simandou "has to be done in a very careful way, from all sorts of ESG angles, not least biodiversity."

Eduardo Bartolomeo said his own remuneration package now sets targets for safety and sustainability, with 20% of his long-term compensation associated with ESG goals.

Requirement applies to about 141,000 people, including fly-in, fly-out and other workers in mining, exploration and oil & gas.

Prosecutors allege that the companies have not fulfilled the obligations outlined in a settlement agreed in 2018.