Iron ore’s giants expanding clout as sales to China expand

The companies announced the verified discovery of one of the largest palladium mineral systems in Australia.

The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.

Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country.

The transaction is expected to close in early 2025.