ARC INFRASTRUCTURE has signed a deal to transport 1.2 million tonnes of iron ore by train per annum with Gold Valley Iron Ore from its Wiluna West Iron Ore Project to the Port of Esperance.
"Such a partnership has created a collaborative environment for sharing knowledge, resources and experience. It allows us to leverage each other's strengths and has fostered a strong foundation for the project's success."
Trafigura Group has struck a $400-million prepayment deal for iron-ore with Mineral Resources, as the Australian miner focuses on preserving cash amid a downturn in its two main commodities.
Vale and Midrex Technologies, Inc. have agreed to cooperate in advancing a technical solution for the use of iron ore briquettes in direct reduction plants.
"Working with China will help give Fortescue a competitive advantage to achieve our decarbonization targets and has the potential to deliver massive economic opportunities in both countries."
The world's fourth-largest iron-ore miner will use green electricity from solar farms at its Christmas Creek operations in Western Australia to produce 1 500 t/y of high purity green iron.