Rio Tinto will account for 54 percent of the joint venture while China Baowu will account for 46 percent.

The province reported its steel production dropped 8.47 percent year-on-year in the first six months.

China ups support, regulations for market to increase participation, meet green goals.

China ups support, regulations for market to increase participation, meet green goals.

The composite index for coastal bulk freight gained 1.9 percent week-on-week to 1,098.7, said the SSE.

China-Kazakhstan business cooperation is expected to experience rapid growth in the coming years, as both countries actively promote regional connectivity.

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

In July, the largest suppliers were Canada (544,000 NT, down 14% vs. June), Mexico (460,000 NT, down 12%), South Korea (279,000 NT, down 7%), Brazil (252,000 NT, up 26%) and Japan (173,000 NT, up 76%).