Fortescue have announced their execution plan for decarbonisation, which includes US$6.2 billion capital investment by 2030 to eliminate fossil fuel risk.
A positive final investment decision has been reached for Onslow Iron project marking a significant milestone.
Alien Metals Ltd has, through its wholly-owned subsidiary Iron Ore Company of Australia Pty Ltd, entered into a mandate letter providing for an exclusive right to negotiate project funding and offtake arrangements with Anglo American in relation to the Hancock iron ore project.
Eurasian Development Bank has provided US$55 million to Eurasian Resources Group’s Sokolov-Sarybai Mining Production Association enterprise in Kazakhstan, in order to finance the production of export goods.
Mineral Resources has commenced early works at its Onslow Iron project, in order to support first ore on ship around December 2023.
The government of the Republic of Guinea, WCS, and Rio Tinto Simfer have incorporated a JV to progress plans to develop infrastructure for the Simandou iron ore project.
Epiroc has won a large order for surface mining equipment from Société Nationale Industrielle et Minière in Mauritania.
MACA Ltd has announced new civil contract awards with a total value of approximately AUS$115 million.