ASX-listed Cyclone Metals has received a further A$5.17-million from Vale. This is the third tranche of funding under the binding development agreement for the joint advancement of the Iron Bear iron-ore project.
Rio Tinto warned on Tuesday that Australia's largest aluminium smelter, Tomago, may be forced to shut down as it struggles to source power at commercially viable rates beyond 2028 when its current power deal expires.