In September, Fortescue committed to spending $6.2 billion over the next decade to decarbonize its Australian mining operations entirely by 2030.

Spot prices for lithium carbonate in China edged lower on Tuesday to register their first drop since June.

BHP was the likely bidder, but it’s also possible it could be a new entrant because the mining giant hadn’t entered a trading halt, analyst says.

The troubled Goro nickel mine — one of the world’s largest deposits — has been forced to reduce production to address a leak from its tailings dam.

Rio has struggled to win investor support for the Turquoise Hill deal, forcing it to offer unusual terms to the most stubborn holdouts which appeared to be enough to close the deal.

The 10-year debt facility will go toward expanding mining and processing at the Pilgangoora project.