Australia

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Greensteel Australia to invest $1.6 billion in new steel plant

The equipment will be supplied by Italian Danieli

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Australia to support new technologies for green steel industry

The government allocates 750 million Australian dollars for this purpose

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Australia reduced coking coal exports by 26.5% y/y in February

Compared to January, this figure fell by 20.4%

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Japan’s Mitsui acquires a stake in Rio Tinto’s iron ore project

The company will acquire 40% of shares in the Australian Rhodes Ridge

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Australia launches new $636 million Green Iron investment fund

The fund was developed in consultation with industry

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Australia provides $1.5 billion aid package to Gupta’s Wyalusing steel mill

The announcement of the aid comes after the plant was placed under temporary administration

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GFG Alliance finalizes new financing for Wyalla plant – Gupta

Group issues statement after claims of numerous debts

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Global iron ore exports grew by 2% y/y in 2024

Australia exported 866 million tons of this raw material last year

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Australia reduced coking coal exports by 23% m/m in January

Deliveries to India and China fell sharply due to weak demand

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Iron ore exploration expenditures in Australia reach peak in 10 years

In the third quarter of 2024, they amounted to $134.9 million, growing by 9.7% year-on-year

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Australia predicts stabilization of coking coal prices

Iron ore prices will fall in the future due to softening demand and new supply

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BHP and Rio Tinto to build a pilot green pig iron plant in Australia

The start of commercial operation is expected in 2028

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