Rio Tinto and Baowu said on Wednesday that they will set up a JV to develop the Western Range iron ore mine project in Pilbara.

The three projects being constructed are with a combined production capacity of 6.2 million tons worth around 35 billion riyals, he added.

"Australia will continue to be a trusted and stable supplier of energy and resources to our key trading partners," he said.

"The importance of coal-generated electricity for Germany's energy supply has continued to grow," Destatis said.

Companies and consumers in the Netherlands are using less natural gas and turning to coal and renewable energy sources as the country,.

Brazil seeks to boost the share of mining in the national economy, focusing on private investment and smaller players.

Bushveld Minerals posts operating profit as vanadium price recovers

Electric Royalties Announces Filing of Preliminary Economic Assessment for Mont Sorcier Magnetite Iron and Vanadium Project