BHP will invest $90mn into private firm Kabanga Nickel to accelerate the development of the Kabanga nickel project in Tanzania.

The country produced an estimate of 1.03 billion metric tons of steel last year, down 35 million tons from 2020, said the China Iron and Steel Association on Monday.

In addition to coal, gold, platinum and diamond as its most prominent reserves, the country is also home to other minerals, such as chrome, vanadium and titanium.

Vale halts iron-ore operations due to heavy rains, maintains guidance

EQ Resources sets new record at Mt Carbine

French-owned mine in Brazil ordered to stop operating after dike overflow

Crude oil futures climb for fifth day as North American supply crimped

"Steel is a key foundation industry and it is absolutely essential that it receives practical support from the government," he said.