iron ore mine: Australian iron ore mine sees potential of...

iron ore mine: Australian iron ore mine sees potential of investments from India - The Economic Times (indiatimes.com)

This is for Lake giles but what it shows is that India is a potential buyer

“The company is in active discussions with a number of global corporations that have the potential to add capital and technical capabilities to the project,” said Moon, stressing on the possibilities of the Indian steel sector participation. We are planning to use a lot of renewable energy in our project while India is expected to use hydrogen among other sources of energy to make Green Steel,”

Moon expects 10 per cent to 20 per cent Indian investment in the USD 500 million Lake Giles development, which is expected to produce three to four million tonnes/year of higher-grade ore, out of which one to two million tonnes could be supplied to India. Green steel is made using hydrogen rather than coal, and is expected to go a long way to tackling climate change.

“We are embarking on early stages of financing of our project and are looking for strategic partners in Australia's high-grade magnetite resources,” said Stephen Weir, CEO of Magnetite Mines Ltd, which owns the project with a resource of 4.2 billion tonnes from two very large magnetite iron ore deposits.The Direct Reduction Iron (DRI) process and the use of energy such as hydrogen can turn magnetite grade ore into Green Steel, according to Weir, who noted India's long-term plans to produce Green Steel."