India’s Jindal takes on operations at Venezuela’s largest iron ore mill

This positive decision comes only months after the federal government rejected the proposed phase two expansion project at Mary River.

The board had approved special remuneration payments of A$1.98 million to former chief executive Elizabeth Gaines and A$1 million to CFO Ian Wells.

Iron ore surged with demand optimism growing as more details emerge about China’s latest economic stimulus drive.

About $550 million will be used for developing an electrolyser and liquefaction facility in Phoenix.

The West African country has rich mineral reserves of diamonds, gold and iron ore.

Worries about a strike had lent support to iron ore prices, which are trading at the highest levels since February.

“We’re proud to be able to ensure the growth of Australian manufacturing, both protecting and creating new jobs,” said Andrew Forrest.

"Fortescue is taking its global pipeline of green hydrogen and green ammonia projects to final investment decision," Fortescue Energy CEO Mark Hutchinson said.

This infographic visualizes the 2.8 billion tonnes of metals mined in 2022, including precious metals, industrial metals, and more.