Fortescue Metals Group braved sustaining COVID-19 disruptions to notch another record quarter of iron ore shipments.
As the iron ore industry ponders its ‘green steel’ future, miners developing high-grade products will more easily gain the support of steelmakers and investors.
As steelmakers adapt to decarbonise their operations, they will require high-grade iron ore for ‘green steel’ production. Hawsons Iron has this in spades.
Rio Tinto’s Australian iron ore assets are well known, but for years the company has been working on an international project that could redefine the iron ore landscape.
Hawsons Iron has acquired the full stake in its namesake iron ore project in New South Wales after purchasing the remaining 6.04 per cent interest owned by Starlight Investment Company.
Hawsons Iron has achieved several important milestones in the past 12 months, underlined by a $35.6 million capital raise and a 400-million-tonne resource upgrade.
Fortescue Metals Group reported glowing profits in the first half of the 2022 financial year (FY22) as the company benefited from record iron ore shipments.