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Australian nickel and lithium producer IGO (ASX:IGO) is negotiating a potential deal with Medallion Metals (ASX: MM8) to divest certain assets of its Forrestania nickel operation in Western Australia, the companies said in separate statements on Thursday.

Zhang noted that while people earlier used baskets and mules to transport coal, mechanization and intelligent systems have since been introduced.

Speaking shortly after the agreement was signed, Biteko said the project is expected to boost the country's economic growth through industrial development.

Meanwhile, crude oil production declined by 2.6 percent, and petroleum refinery production fell by 1.5 percent.

China to overhaul electricity system for green growth, energy security.

The Western Australian Government has been expediting mining exploration approvals in a bid to streamline the process and provide incentives to explorers.

In the January-July period this year, China's iron ore imports reached 713.774 million mt, up 6.7 percent year on year.

In the first quarter (April-June) of FY 2024-25, iron ore production increased by 9.7% compared to the same period inFY2023-24.