Brazilian iron ore miner Vale announced that it has officially inaugurated the world's first iron ore briquette plant at itsTubarao Unit in Vitória.

The world’s second-largest miner by market value said Wednesday it expects to contribute roughly $6.2 billion to the initial development of the Simandou mine, including port and rail infrastructure needed to export the ore.

Most rail cars that Rio Tinto uses at its mines in Western Australia are from China's CRRC Qiqihar Rolling Stock, a CRRC subsidiary in Northeast China's Heilongjiang province, he said.

Quebec Iron Ore (QIO), a subsidiary of TSX- and ASX-listed Champion Iron, has completed a $230-million term-loan financing facility, significantly increasing its available liquidity to support organic growth and development opportunities to decarbonise steelma...

China's resilient supply chains have given multinational companies strong confidence to deepen their market development amid the improved business environment in the country in recent years, a top executive of Rio Tinto said.

The expedited development option will have average ore grades of 29.1% iron over the five years.

An analyst said mining companies have been stepping up investment and local cooperation in China for more green opportunities in recent years.

Iron-ore futures in Singapore touched $130 a ton for the first time since March on improving demand for steel in China, which is considering a new wave of stimulus to shore up the struggling property sector