Iron ore exploration and development company Equatorial Resources (ASX:EQX) has entered into a conditional agreement with privately owned company Companhia Rio de Ferro to acquire the Nimba Alliance Iron Ore Project in Guinea, West Africa.

Its iron ore sales fell by 5.7pc to 38.25mn t during the same period.

The company's saleable iron ore production remained flat against the previous year at 5.4mn t during 2022-23.

THE Western Australian government has announced a A$40 million investment to accelerate critical minerals discoveries

Australian mining giant BHP Group said on Monday that it has signed an agreement for piloting of carbon capture and utilization technology with China's HBIS Group Co Ltd.

In the first two months, Guangdong's import and export with Brazil and Chile increased by 24.8 percent and 14.4 percent, respectively, it said.

China-Australia economic and trade relations now have scope for improvement, so the two countries should strengthen their cooperation, China's Ministry of Commerce said on Thursday.

Shipments from the four largest iron ore producers in Western Australia's (WA) Pilbara rebounded in the week to 18 February from a two-year low the previous week.