The Brazilian miner reported a second-quarter net loss of $133 million after a year-ago profit of $76 million.

The venture, jointly owned by Vale and BHP, has already reached an agreement with the regulator and could get formal permission to operate as soon as mid-September.

During the first quarter, Bloom Lake delivered almost 2 million wet metric tonnes of high-grade iron ore concentrate.

Chinese iron ore futures rose more than 3% on Tuesday, extending gains for a fourth straight session.

BHP Group may just have set the template for how resource companies are going to deal with the challenge of climate change.

Expectations that the world's top steel producer, will launch more infrastructure projects this year boosted support to the steelmaking raw material.

Usiminas released quarterly earnings earlier in the day, posting net income of 171 million reais ($45.5 million), reversing losses from a year earlier.

At issue was Siani's alleged failure to "fully and immediately" disclose information about the accident.