Hancock takes 10% of Arafura Rare Earths

Guinea coup leader Mamady Doumbouya has agreed to meet with mining companies.

The company was exploring the possibility of expanding production to as much as 30 million tonnes a year.

In Jiangsu, China's second-largest steel-producing province, a campaign to monitor energy consumption among industrial enterprises including steelmakers raised fears of further disruption in blast furnace operations.

The Rio de Janeiro-based company said it’s targeting production capacity of 370 of million tonnes next year, compared with a previous 400 million tonnes goal.

Iron ore price has dropped 40% from more than $220 in July, mainly due to lower imports by China.

Vale also sees its financial expenses in 2021 at $0.8-billion to $1.1-billion.

Rio Tinto operates six of its 16 mines and three rail lines on the group's traditional lands.

China's imports of major commodities appeared to show signs of strength in August, but the gains in volumes are more nuanced and illustrate the difference between a short-term view and longer-term fundamentals.

Despite China's steel output controls to curb carbon emissions, Sinosteel Futures said domestic demand has not significantly dropped.