BHP has also tried for years to sell its stake in the Nimba prospect.

Baffinland Iron Mines aims to more than triple its iron ore handling capacities to 12 million tonnes per year.

China's domestic demand for industrial metals will be supported in Q419 and 2020 as the government gears up to provide additional targeted stimulus.

Iron ore miner Fortescue Metals Group on Monday posted a record profit and bumper dividend.

Iron ore's bubble has burst in the last month with prices down by a third.

BHP Group posted its largest annual profit in five years and record full-year dividends.

CVM is investigating whether the company's management fulfilled its "fiduciary duties" to shareholders related to the disaster.

In FY2018 the company posted a profit of $8.9 billion, 33% higher y-o-y.