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.

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

Liberty Steel Group has submitted a non-binding indicative offer for ThyssenKrupp Steel Europe, the group said.

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

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

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.

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

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