Here’s the latest price update for the iron ore complex:

The Tianjin port price was $75.20

Meanwhile, big extractor Vale looks like splitting with BHP Billiton over their Samarco venture, possibly buying out the Big Not Australian. More from Reuters:

A price has not yet been established for any buyout and it would depend on BHP’s willingness to exit the venture, said the person, who spoke on condition of anonymity because the negotiations are private.

Contacted by Reuters, Vale and BHP declined to comment. ‍

Samarco has not operated since November 2015 after flood waters inundated a dam designed to hold back mine waste, causing it to burst and flood nearby towns. Nineteen people were killed in what was Brazil’s worst environmental disaster.

Vale thinks that Samarco can return to operating sooner speed up remediation works if it had a sole owner, the source said. Last month, Samarco won preliminary permits, but is not yet allowed to restart.

The deal depends on BHP’s willingness to exit, the source added. Samarco is the only iron-ore operation owned by BHP outside Australia.

Concentrate even more? Why not Big B?

Daily iron ore price update (Samarco split)