Iron ore price rises on disappointing figures by top producers

The loss of about 40 million tonnes of annual supply is expected to boost demand for Australian ore.

Funds expected to be used as compensation for the victims of last week’s tailing burst, which killed at least 99 people.

CSN is aiming to reduce debts that piled up after an iron ore and steel price rout in 2015-2016 and a severe recession in Brazil, prompting investors to demand asset sales.

ArcelorMittal owns a steel plant in the central Bosnian town of Zenica where it processes iron ore from its mines in Prijedor in the north of the country.

Vale production cuts could have "outsized" impact in shorter term with spot prices predicted to return to $100-plus per tonne in summer.

Brazilian authorities and companies involved with river water management are trying to stop the torrent of mining waste from reaching the Sao Francisco river, a source of drinking water for communities in five of the country's 26 states.

Chief Executive Fabio Schvartsman said Vale would halt operations using those dams and spend 5 billion reais ($1.3 billion) to decommission them.

Bolsonaro and his cabinet are swiftly dialing back promises of deregulation.

The International Coalition of Large Dams (ICOLD) group "is recommending that dams, especially large dams, be built by dam professionals.