Vietnam steel maker Hoa Phat acquires Australia’s Roper Valley iron ore mine

Analysts thought profits would reach $9.27 billion.

Fortescue Metals said that its annual profit halved as prices for its lower quality iron ore fell.

Anglo Pacific shares were up 2.5 percent by 1053 GMT, while the wider sector had gained 1 percent.

Document proposes replacing the road connecting the mine to a port with a railway, to reduce dust and sediment in the water.

Company is said to have hired Credit Suisse to conduct an auction of its 58.7% interest in IOC.

Canada will consider a safeguard action on seven steel products to protect domestic producers from imports since the United States imposed tariffs in March.

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA will resume partial operations on Monday at its Ipatinga plant after an explosion injured 34 workers.

Like the Soviet Union in the 1970s, China is coming to the end of a long labor-force boom and hoping that an orgy of investment will keep the old magic going while stabilizing its fraying frontiers.

Trump's move sendsReut Turkey's lira currency deeper into tailspin