Guinea’s giant Simandou iron-ore project, which is expected to start exports in two years’ time, is set to contribute to the world’s decarbonisation efforts, according to Rio Tinto.

Australia-based iron ore miner Fenix Resources Limited has announced that it has completed a feasibility study for a new iron ore mine at the BeebynW11 deposit located in Western Australia.

He noted that mining activity and export of iron ore was banned by the Indian government in late 2012.

"It's important we actually continue that good trading relationship that's been mutually beneficial for both countries," he said.

Anglo American's South African iron ore unit said on Tuesday it continues to build stockpiles at its mines due to persistent rail and port constraints.

Russia-based iron ore and hot briquetted iron producer Metalloinvest will invest $2 billion to build a premium-quality iron ore

Rio Tinto is Rio Tinto Simfer’s majority shareholder as well as managing partner.

BHP Group on Wednesday reported record annual iron ore production for a second consecutive year, helped by improved weather conditions and higher contribution from its South Flank operations in Western Australia.