ASX-listed Hawthorn Resources has exercised its right to convert its participating interest in the Mt Bevan magnetite project joint venture (JV) with Legacy Iron Ore and Hancock Magnetite to a royalty.
The Chinese market and investment will continue to provide growth momentum as Australia is determined to revitalize its industrial manufacturing amid the ongoing global energy transition, executives in the country's mining industry told Xinhua.
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.