Australian coal producer New Hope is planning to cut 75pc of all corporate staff, including in its marketing and exploration sectors.

UK-Australian resources firm BHP is likely to spin out its thermal and lower-grade coking coal assets into a new firm, similar to the formation of South32 in 2015.

The World Steel Association (worldsteel) today released an update to its Short Range Outlook (SRO) for 2020 and 2021.

The Board of Members of the World Steel Association (worldsteel) has elected the following Executive Board of Directors for the 2020/2021 period.

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.

According to the sources, both plants are in the U.S. state of Indiana and jointly operated with ArcelorMittal S.A.

The decline slightly widened from the 2-percent drop in August, the NBS data showed.

In the same period, imports of soybeans rose 15.5 percent, pork imports grew by 132.2 percent and beef imports increased 38.8 percent.