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Under siege Seriti Resources whose impending acquisition of South32 coal mines has raised calls for an investigation has dismissed the complaints against it as "vague" lacking substance.

The company's net profit attributable to parent company in the first quarter is 1.6-21 billion, an increase of 971.17% to 1305.90% over the same period of the previous year.

On April 7, Ningde officially released the economic development plan of sandu'ao Bay area, in which it mentioned to expand the four leading industry chain groups.

Iron-ore futures in China extended an advance as imports surged to a five-month high, signaling robust demand as the country grapples with rising commodity prices.

China saw surging commodity imports in the first quarter of this year, according to the General Administration of Customs.

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

About 950 million tons of annual medium- and long-term contracts were signed with coal suppliers and demanders, according to the report.

Samarco has today filed for judicial reorganization with the Minas Gerais State Court to renegotiate its financial debts.