ERG has long considered ESG a priority in the group's operations and rolled out such a strategy in 2021.

Rio Tinto and Baowu said on Wednesday that they will set up a JV to develop the Western Range iron ore mine project in Pilbara.

The Chinese market for stainless steel shows resilience and is brimming with opportunities, despite the disruption that COVID-19 has brought to the global stainless steel industry, according to industry insiders.

So far, the installed capacity of renewable energy in Datong has reached 6.9 million kilowatts, accounting for half the total installed capacity of the city's power grid.

Driven by innovation, the stainless steel industry in Ningde, southeast China's Fujian Province, has grown significantly in recent years.

Companies and consumers in the Netherlands are using less natural gas and turning to coal and renewable energy sources as the country,.

The three projects being constructed are with a combined production capacity of 6.2 million tons worth around 35 billion riyals, he added.

"Australia will continue to be a trusted and stable supplier of energy and resources to our key trading partners," he said.