BHP has signed a three-year tripartite research collaboration agreement with China's HBIS Group Co Ltd and University of Science and Technology Beijing to support research in low-carbon iron and steel making technologies.
Vale, one of the world's largest iron ore producers based in Brazil, said on Friday that it has signed a memorandum of understanding with China Baowu Steel Group Corporation Limited.
Australian iron ore mining firms Fenix and Fe Limited are using hedging to keep operating, with most of their unhedged rivals having stopped production or development with the reality of a more than halving of the iron ore price over the past four months.