Mubadala Capital and commodities trader Trafigura have hired UBS BB and Goldman Sachs to help sell a Brazilian iron-ore port

The market has played a role in encouraging more action from enterprises to reduce emissions, the report showed.

"Fortescue has been investing heavily in technology and building genuine and trusting friendships with our Chinese partners, underpinning the success and longevity of what has been a mutually beneficial partnership," he said.

Guinea’s giant Simandou iron-ore project, which is expected to start exports in two years’ time, is set to contribute to the world’s decarbonisation efforts, according to Rio Tinto.

Australia-based iron ore miner Fenix Resources Limited has announced that it has completed a feasibility study for a new iron ore mine at the BeebynW11 deposit located in Western Australia.

India steel imports likely to hit seven-year high in July.

Weekly LME rebar futures trading volumes in the week to July 25 increased to 30,610 mt, up by 27,550 mt from 3,060 mt recorded July 18.

He noted that mining activity and export of iron ore was banned by the Indian government in late 2012.