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Iron ore mining news

Fortescue announce plan for decarbonisation

Fortescue have announced their execution plan for decarbonisation, which includes US$6.2 billion capital investment by 2030 to eliminate fossil fuel risk.


IOCA signs agreement with Anglo American to negotiate funding and offtake

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.


EDB provides US$55 million in financing to ERG’s SSGPO

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.