The company plans to expand on four previously tested prospects and has also started testing six other prospects with the intention of defining a mineral resource estimate in the near term.

This came as the Ethiopia's Consul General in Chongqing, China, Anteneh Tariku, held "a fruitful discussion" with Zhang Yong.

Italian power consumption has recovered slightly better than expected in the second half of this year, but the recent rise in Covid-19 cases could put an end to this trend.

"The government of Ethiopia encourages companies like CISDI Group, considering the potential of the construction sector in advancing the country's economy," Tariku added.

China Taiyuan coal transaction price index stood at 127.74 points Monday, down 0.16 percent week on week.

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

Queensland shipped around 16.3mn t in October, according to initial shipping data compiled by Argus.

U.S. imported a total of 1,255,000 net tons (NT) of steel in September 2020.