Australia-based exploration and development company Arrow Minerals has identified high-grade iron mineralization at the Simandou North Project (SNIP)and plans to conduct more than 150 drill holes in the area.

Liberty said it “is not idling the facility,” and will resume operations when markets recover.

Despite these lukewarm indicators, steel producers who service the construction end markets were positive in their quarterly earnings.

It reiterated its latest guidance to close the deal by year-end, pending US approvals.

Queensland could also complicate a deal.

Imports of iron-ore by China, the world's biggest buyer, in 2024 are expected to be around 1.17-billion to 1.18-billion metric tons, similar to last year's 1.18-billion tons, a senior official of miner Vale said on Wednesday.

Côte d’Ivoire Grants Exploration Permits for Critical Metals

JSIS is commissioning three new facilities, a new 0xygen plant,Submerged Arc Furnace and the 6 million TPA Pellet which will make it one of the most integrated steel plants in the region.