UK-Australian iron ore mining firm BHP has signed an agreement with Chinese steelmaker China Baowu to invest up to $35mn in jointly seeking technical solutions to reduce carbon emissions in steelmaking.
The company plans to expand on four previously tested prospects and has also started testing six other prospects with the intention of defining a mineral resource estimate in the near term.
Anglo American Chief Executive Mark Cutifani said "Anglo American has continued its strong operational recovery, with a 24% increase in production compared to Q2.