RIO DE JANEIRO - Iron-ore miner Vale SA beat first quarter profit estimates on Monday, with the Brazilian company boosted by a record performance in its ferrous minerals division.

Southern African energy development company Tlou Energy said that, following a recent capital raising, it has the necessary funds in place to start construction on the transmission line for its Lesedi project.

An Australian State planning commission on Monday approved an extension to Glencore's Mangoola coal mine in the Upper Hunter Valley of New South Wales.

Chinese steel futures closed at all-time highs on Monday, underpinned by robust demand and concerns over production curbs, while benchmark iron ore prices hit record highs, fuelled by structural supply shortage.

Chinese steel futures closed at all-time highs on Monday, underpinned by robust demand and concerns over production curbs, while benchmark iron ore prices hit record highs, fuelled by structural supply shortage.

India's primary steelmakers have increased their share of exports in Q4 amid rising international steel prices.

Last week, a Tata Steel spokesperson had said the company was supplying 300 tonne of LMO daily to various states.

“We are also trying to convert the old cryogenic tankers used for transporting nitrogen into tankers for transporting oxygen,” Oommen added.