CEO Mike Henry said the company is ready for a strategic shift out of its geographical, advanced-economies comfort zone.

The miner's green energy arm said the acquisition is part of FMG's plan to supply 15 million tonnes of green hydrogen by 2030.

Iron ore’s whitenuckle descent took a chunk out of the MINING.COM TOP 50 ranking of the world’s most valuable miners amid a continuing rally in uranium, coal and lithium prices.

Scientists have partnered with Rio Tinto and Queensland Alumina to develop the solution.

Demand for the material used in electric cars and renewable-energy storage has soared and, while miners are seeking to boost supply, there’s not enough to meet consumption.

The world’s fourth largest iron ore miner will address the emissions across its entire global value chain, including steel manufacturing.