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.
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.