Iron ore price tops $100 a tonne for the first time in 5 years

Don't hold your breath.

Especially the mooted $19 billion valuation.

The separate company would be listed on the London Stock Exchange, as well as the Australian and South African markets.

Brazilian giant Vale acquired the interest in Simandou deposit in Guinea from BSGR for $2.5 billion in 2010, but stopped payments after the first $500 million was forked over.

Price of steelmaking raw material up 4% on Monday, erasing all of March's steep losses. Forecaster says move back above $130 a tonne on the cards.

The former Xstrata boss is already hunting for mining deals.

Liu Han is accused of running a criminal network to build his fortune.

Spot Australian coking coal export price in single digits for the first time and contract prices at 6-year lows.

Official commodity researcher of Australia cuts outlook for 2014 and predicts steady decline for the rest of the decade.