Nippon Steel to hunt for more coking coal, iron ore assets

In the long term, Fitch expects prices to decline to $50 a tonne.

The agreement includes studying and trialling the use of iron ore products from its Kumba mines in South Africa and Minas-Rio mine in Brazil.

Beny Steinmetz was sentenced two years ago in one of the mining industry's most high-profile legal disputes.

Overall, the Australian government is painting a strong outlook for commodity export volumes, but a soft outcome for prices.

The Chinese state planner has issued several warnings against hoarding and speculation in recent weeks.

BHP's lawyers said the 2024 trial should be delayed to allow Vale to participate.

US securities regulators sued Vale SA last year.

In January, the company said the project was set to begin production at the end of the March quarter.

Project will develop and test technologies that can be integrated into steel production processes to cut CO2 emissions.