Iron ore price rebounds while La Niña threatens to worsen energy crisis

Ore for September closed around 7.3% lower at $95.63 a tonne in Singapore. Benchmark spot material dropped to $99.50 a tonne on Monday.

The Productivity Commission will look at best-practice examples of regulation that will remove unnecessary costs for mining companies.

The new code is intended to improve conditions for companies and increase revenue for the state.

University of Colorado scientists are investigating the possibility of biomining iron from lunar, Martian and asteroid regolith simulant

Worries about demand for steel products also weighed on iron ore.

Royalty payments are estimated to climb 70%.

Tonkolili has challenged the decision in the country's high court.

Nominally transparent tender for iron ore concession raises eyebrows among miners.

On Wednesday, Vale reported a $133 million quarterly loss, confounding analysts expectations of a $2.84 billion profit for the period.