Ranked: The top 20 metals and mining billionaires

Chinese steel futures rose on Friday buoyed by expectations that steel mills would replenish their stocks of the raw material.

Ruben Fernandes, who has led the company’s iron ore and nickel interests in the South American country for almost three years, will become CEO of Base Metals effective March 1.

Rio said it would postpone any short- and long-term incentives owed to Sam Walsh for a minimum of two years. Rio is now planning to extend that time period.

Raw materials have lost ground amid a flurry of signs the pace of expansion will slow next year.

Schvartsman, appointed CEO in March 2017 to replace Murilo Ferreira, had been set to end his term in May.

The $940 million rail project, AutoHaul, is focused on driverless train movement to transport ore and has been in development since 2012.

Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls

Minmetals will purchase Pilbara Blend lump ore that will delivered through 12 cargoes and priced at around $144.94 million.

1,349 announced mining deals valued at $86B through December 18, up 60% from 2017.