Vale said it will have a supply contract with the Trafigura-led consortium to off-take part of the nickel produced there.

They are the first global companies to have signed up a World Wildlife Fund (WWF) call for a moratorium on mining the seabed.

Australia’s chief economist expects iron ore to trade nearly $100/tonne below today’s price by end of next year and no return to triple digits.

The Australian miner said the mining fleet was mobilized to the site this week and operations will begin before the end of March.

US hedge fund’s lawsuit claims the miner concealed the true cause of the mine expansion delays, which Rio had largely blamed on the site's geology.

The miner will form an Indigenous advisory group to help it better understand issues affecting Indigenous Australians, identify gaps in current protocols and re-establish trust over time.

In-situ alluvial resource at the Angolan mine increased to 135,900 carats at an average diamond price of $1,440/ct.