The consortium will focus its attention on harnessing the potential of the state’s Braemar iron region alongside its extensive renewable energy capacity.

The agreement represents a significant milestone for Arrow as it seeks to capitalise on the benefits of the Simandou multi-user railway infrastructure.

Rio Tinto reported an increase in iron ore shipments from July to September.

It will enable the company to flexibly switch between different products depending on customer demand.

Through the newly built transmission line, power will be sent to a local 550,000-ton electrolytic aluminum program, which will generate an annual power consumption of around 7.5 billion kilowatt-hours.

Brazilian miner Vale reported on Tuesday a 5.5% increase in its third-quarter iron-ore production compared to a year earlier, reaching the highest level in almost six years.

Global mining giant Rio Tinto has reported consistent iron-ore production from its operations in Australia’s Pilbara, with third-quarter output increasing by 1% to 84.1-million tonnes.

This will mainly be due to increased supplies from Australia