The state-owned assets supervision and Administration Commission of Yunnan Province plans to transfer its 90% equity of Kunming Iron and Steel Co., Ltd. to China Baowu for free.

Urals-based MMK sold 5pc less steel in 2020, reaching 10.8mn t, of which 4.3mn t was hot-rolled coil (HRC), down by 3.8pc on the year.

The first shipment of iron ore from Sierra Leone's New Tonkolili Iron Ore Project set sail for China from the country's Pepel Port on Friday.

Japan's coking coal imports rose in December to an eight-month high on increased shipments from Indonesia, underpinned by the strong recovery of Japan's steel industry.

The last increase was on 8 January, making this the fifth offer hike since mid-November last year of a total of €200/t.

The mining industry remains an important sector for employment, federal Minister for Resources, Water and Northern Australia Keith Pitt said, pointing to a big increase in the number of Australians employed in the sector.

India¡¯s state-owned manganese ore company Moil increased the price of manganese ore shipped from February to March by 5% compared with January, in line with the rise in global manganese ore prices.

ASX-listed Nickel Mines has completed the first stage of its investment in the Angel nickel project, in Indonesia, acquiring a 30% interest, making plans to increase its ultimate shareholding from 70% to 80%.