Anglo American Chief Executive Mark Cutifani said "Anglo American has continued its strong operational recovery, with a 24% increase in production compared to Q2.
Fenix Resources (ASX:FEX) now has sales agreements covering all of its iron ore production from the Iron Ridge project in Western Australia after reaching a binding offtake agreement with Chinese heavyweight Sinosteel.
Mount Gibson Iron (ASX:MGX) is well positioned to capitalise on buoyant demand for Australian iron ore as it targets first sales from its Shine direct shipping iron ore project in WA for mid-2021.
They will also cooperate in bonded-area operations and trade and jointly build an iron ore blending and distribution center in northeast Asia, according to the MOU.