Iron giant Rio Tinto has upped the stakes in the bidding war for a Pilbara iron ore project backed by Rich Lister prospector Mark Creasy which sits on the miner's doorstep.
Iron ore minnow Gold Valley Group has made a last-minute bid to snatch Mark Creasy's CZR Resources from the clutches of Fenix Resources for a premium price.
Yuzheng Xie has joined the board of South African coal explorer ZYL as non-executive chairman. Mr Xie is an iron ore trader with a steel material marketing and trading background.
