South Africa's mining industry and the government are moving closer to resolving a dispute over levels of black ownership that’s deterred investment and dragged down growth in the country.
While tariffs could increase domestic demand for metallurgical coal - which is used in the steelmaking process - most of the market for that fuel is abroad.
Eike Batista, the former billionaire who lost his fortune and spent time in jail for alleged corruption, has a new headache: a lawsuit from his ex-wife.