Billionaire Gina Rinehart’s wealth swells with Hancock’s A$4bn profit

Drops 4% to $289.50 a tonne despite greater than expected Australian supply outage.

Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.

Chinese back out of $1.5 billion deal for Barrick's Kalgoorlie stake – JV partner Newmont has long expressed interest in acquiring half of Super Pit.

The firm, a unit of Shanghai-listed Shandong Tyan Home, reportedly walked away from the deal due to recent tightened controls in China on outbound investment.

Experts believe the value of the nation's dawning industry is set to jump from $1.1bn this year to $7.9bn in 2021 on a combination of revised regulatory framework and significant gold and copper reserves.

Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.

The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.

A new copper find in South Australia has the potential to easily boost production.

Another gap down Monday brings one-month drop to 30%.