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Hancock's Atlas Iron subsidiary will assist in extending the life of Roy Hill and has been cash positive at recent iron ore prices, the company said.

Australia's iron ore exports rose in September from a year earlier and were 3.9pc up for January-September.

Deep-sea mineral platform launches for mining dialogue

Newmont leads mining companies ESG ranking

Iran's Deputy Industry, Mining, and Trade Minister Saeed Zarandi announced the establishment of 10 investment holding companies in the industry and mining sectors in near future, IRIB reported recently.

The project will soon start using a government loan from the Russian Federation.

Of the $620 million worth of Iran’s constructional exports in the past Iranian calendar year (ended on March 19), just $1.5 million has been to Africa.

The ministry’s seven main axes of the surge in production are going to be pursued under 40 major programs.