Australian-Japanese joint venture BHP Mitsubishi Alliance (BMA) is facing potential strikes at its coking coal mines in Queensland, as members of Australian unions vote in favour of taking protected industrial action.

The firm maintained its 2022-23 financial year production guidance at 58mn-64mn t.

The federal government also has a renewable energy target of 82pc by 2030, up from around a third currently.

BHP is the only one of the big four Western Australian iron ore mining firms to operate major coking coal exporting facilities.

UK-Australian mining firm Rio Tinto expects to come in at the bottom of its 320mn-335mn t guidance for 2022.

Market participants report significant advancements after Brazilian electricity regulator Aneel approved temporary rules for a new demand response program, but say there is still room for improvement.

The Australian and Singaporean governments have signed a green trade agreement to support trade, investment and climate change objectives.

The US shipped 139,162t to China in August, 88.8pc lower than a year earlier and 51.8pc lower than July.