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Hancock's Atlas Iron subsidiary will assist in extending the life of Roy Hill and has been cash positive at recent iron ore prices, the company said.

Australia's iron ore exports rose in September from a year earlier and were 3.9pc up for January-September.

Gharibpour called for cooperation with the Australian side in various areas including training, exploration, extraction, and new technologies, IRIB reported.

Anglo American Chief Executive Mark Cutifani said "Anglo American has continued its strong operational recovery, with a 24% increase in production compared to Q2.

Fenix Resources (ASX:FEX) now has sales agreements covering all of its iron ore production from the Iron Ridge project in Western Australia after reaching a binding offtake agreement with Chinese heavyweight Sinosteel.

In the same period, imports of soybeans rose 15.5 percent, pork imports grew by 132.2 percent and beef imports increased 38.8 percent.

China's iron ore port stocks at 7-month high, Supply forecast to pick up further in Q4, But steel output seen rising 4%-5% in 2020

China's imports of major commodities including crude oil, iron ore and soybean climbed in the first eight months of the year.