The Glasgow Financial Alliance for Net Zero has faced possible defections from heavyweight firms unhappy with the potential addition of binding restrictions on fossil finance.

BHP is seeking approval from Australia’s government to extend the life of the Peak Downs mine.

Producing iron at lukewarm temperatures and without coal would skip the most emissions-heavy step without relying on expensive technologies.

Richards Bay Minerals will source from the Bolobedu photovoltaic plant.

The world's fourth largest iron ore producer said it would more than double the planned capital spending in its green power arm this fiscal year.