Coal sector failing to overturn China's import tests

Campaigning by the Turnbull government and Australia's mining lobby to dismantle China's "arbitrary" import quality testing regime on coal is failing, according to the Australian Financial Review.

It has been 18 months since the regime was introduced, but the uncertainty for the Australian industry continues and local players fear China is using the system to prop up its struggling domestic coal miners.

There is concern the measures are inconsistent and are being misused, and are out of keeping with global standards.

Goldman resets higher its iron ore forecasts with a supply warning

Goldman Sachs Group raised its iron ore forecasts for the remainder of the year after a surprise rally at the start of 2016, while warning that the price revival may store up problems as supplies are still set to climb, according to the Australian Financial Review.

The outlook for this quarter was increased 47% to $US55 a tonne, the July-to-September view was boosted 20% to $US45 and the call for the final three months rose 14% to $US40, the bank said in a report received on Friday.

Arrium CEO Andrew Roberts steps out door at collapsed firm

Andrew Roberts, the chief executive of collapsed steel maker Arrium, has left the company along with another senior executive, Naomi James, according to the Australian Financial Review.

Roberts left Arrium on Friday after staying on for an extra four weeks after the company went into administration on April 7, with creditors owed $4 billion.