A Preliminary Environmental Assessment report has also been completed with the JV partners reviewing costs and timing for the advancement of a definitive feasibility study.

China's export of ferrosilicon (>55%) saw an increase of 24.8% month on month in September 2020.

The 2101 ferrosilicon contract price on ZCE closed at 5760 yuan per ton on October 26.

The company has produced premium iron-vanadium concentrate at its Yarrabubba Iron-Vanadium Project and has signed a non-binding LOIwith Sinosteel Australia for life of mine offtake as well as an EPC contract.

China's iron and steel industry has made significant green efforts to prevent carbon emissions and protect the environment during the 13th Five-Year Plan (2016-20) period.

China's raw coal output declined 0.1 percent year-on-year to 2.79 billion tonnes in the first nine months of 2020, official data showed.

The restart has been achieved in just six months following intensive work to prepare the site for their return to steelmaking operations after the previous owner fell into administration.

In the Pavlodar region, together with an investor from India, they plan to build a new plant.