A new state-owned company called China Mineral Resources Group is poised to become the world’s biggest iron ore buyer as soon as next year.

Chinese policymakers are aiming to boost the scale of consumption and investment, the official Xinhua news agency said.

Joyce Lake will be an open-pit mine which delivers high iron grade material to the crushing and screening plant.

If successful in iron ore, the mandate of China's new centralised state buyer could be extended to lithium, copper and bauxite.

BHP Group accused of trying to "forever put off" the question of liability for a 2015 dam collapse that triggered Brazil's worst environmental disaster.

The Brazilian mining giant has been slowly ramping back up after losing its mantle as the world’s biggest producer of the steelmaking raw material.