SolGold delays Alpala pre-feasibility study again

The approval ends a three-week bidding war between Yancoal and Glencore over Rio's thermal coal assets in Australia.

China bulls kick iron ore price 6.5% higher.

Govt investing in lithium mine for first time

South Flank will replace lost production from 80mtpa Yandi operation reaching end of its life.

The company has chosen to sell its Hunter Valley coal mines to China-backed Yancoal, but shareholders will decide.

Iron ore's demand-driven price surge last year is increasingly looking like an aberration as supply factors once again start to weaken the price outlook.

Fresh bid is far better than the $2.55bn it offered earlier this month and considerably more than the $2.45bn offered by Yancoal, the Chinese-backed miner that is Rio’s preferred buyer.

Having climbed almost 64% since the start of the year, investor sentiment towards SolGold appears to be quite positive.

Australia's Atlas Iron, which narrowly escaped collapse when iron or prices crashed in 2015, has deferred construction of a new mine, citing weak prices for the steelmaking commodity.