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Negotiations for the sale of Brazilian iron ore mining company Bahia Mineração (Bamin) are progressing with an increasing chance of a deal being concluded this half, a source involved in the talks told BNamericas on condition of anonymity.

In December last year, iron ore shipments from Australia's Port Hedland decreased by 2.3 percent month on month and by 4.5 percent year on year, totaling 47,613,601 mt.

The exploration of new mines also yielded ample results.

The route will begin in Kashgar, in Northwest China's Xinjiang Uygur autonomous region, and pass through the mountainous terrain of Kyrgyzstan to reach Uzbekistan.

China's General Administration of Customs (GAC) on Sunday unveiled 16 key measures aimed at further energizing the country's central region.

Recent metallurgical testwork at Simandou North, in Guinea, has confirmed the potential for premium-quality iron-ore, with grades surpassing 66% iron and alumina levels below 0.5%, Arrow Minerals has reported.

The province is expanding its port-related industries to further leverage its coastal advantages.

As one enters the gates of Pangang Group Xichang Steel and Vanadium Co Ltd, the steelmaking process is seamless — yet not a single worker is in sight.