Iron ore price rises on China property support

Australia will set out a new national legal framework to protect Aboriginal cultural heritage, after a review of mining standards following Rio Tinto's destruction of sacred rock shelters for an iron ore mine.

Felicity Gooding, who joined FFI earlier this year as its global head of commercial, will be appointed as acting CFO.

Iron ore prices are gathering steam as confidence over the outlook for China's steel demand increases.

Expectations of rising supplies after India's decision to scrap export taxes on low-grade iron ore also weighed on sentiment.

The most-traded January iron ore on China's Dalian Commodity Exchange ended daytime trade 3.3% higher.

Mary River, considered one of the world’s richest iron deposits, opened in 2015 and ships about six million tonnes of ore a year.

The Ukraine Green Growth Initiative will focus on building out infrastructure projects in energy and communications, including a green energy grid.

Overall sentiment remained upbeat despite October data showing new home prices fell at their fastest pace since 2015.

In September, Fortescue committed to spending $6.2 billion over the next decade to decarbonize its Australian mining operations entirely by 2030.