UK-based mining firm Brazil Iron Mineração and Bahia state mineral company CBPMsigned an agreement to develop the US$5bn Fazenda Mocó iron ore project.
The Queensland Resources Council (QRC) has welcomed the appointment of Dale Last as Australia's second-largest state Queensland's new Minister for Natural Resources and Mines and Minister for Regional and Rural Development.
Brazil Iron MineraçÃo Ltda, the Brazilian arm of UK based Brazil Iron Ltd, unveiled plans to invest $5 billion in an iron ore project in the northeastern state of Bahia.
Ministry of Mines, Government of India, has reportedly proposed to lower the benchmark price of bauxite used to calculate the estimated value of resources and premium payable in auctions.