Iron price jumps as Chinese imports continue at record pace

Chairman of Chile's state-owned copper miner Codelco: "I'm a little skeptical...in the short-term."

Brazil's government will revise a decree that opened up a vast mineral reserve in the Amazon rainforest to mining responding to overwhelming criticism.

Together with reevaluating its previous multi-year guidance, the company is now reviewing the financial impact of the mine suspension to its longer term capital and exploration programs.

Final study focuses on a two-phase open pit mine and lithium carbonate processing facility with a life of over 20 years.

The region, preserved as a national reserve for more than three decades, is thought to be rich in gold, iron ore, copper and other minerals.

Controversial director Grant King is stepping down, only six months after joining the company amid concerns among investors over oil investments.

Prices for the steelmaking material have increased almost 50% since its 2017 lows.

The miner believes a tightening global supply of copper will keep prices on the high-end of the spectrum this year and next.

A committee of six ministers pointed to numerous flaws with the project, including severe impact to a Humboldt penguin reserve.