Investment and opening-up highlight companies' trust in cooperation and development.

Australia's marginal iron ore mining firms are preparing to restart operations in 2023, but realising stronger demand could add to the highly inflationary cost environment.

UK-South African mining firm Anglo American has lowered its iron ore production guidance for 2022, 2023 and 2024.

China is the world's largest importer of iron ore, with imports exceeding 917 million tons in the first 10 months of 2022.

The province saw a decrease in imports of iron ore and natural gas.

“As a nation are very clear and very respectful of our treaties and our agreements,” Hernando said.

The MOU is to study the development of a high-quality iron ore logistics and processing facility, according to an NIDC statement circulated on Oct. 30.

The company signed a cooperation agreement with Xinjiang Bayi Iron and Steel at the fourth CIIE in 2021 to provide the latter with approximately 4 million metric tons of iron ore worth $460 million this year.