Guinea's giant Simandou iron ore project is expected to start exporting within two years. The project is expected to make a significant contribution to the world's decarbonization efforts.

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

"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.

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

"It's important we actually continue that good trading relationship that's been mutually beneficial for both countries," he said.

Anglo American's South African iron ore unit said on Tuesday it continues to build stockpiles at its mines due to persistent rail and port constraints.