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Australian iron ore miner Fortescue Metals says it will spend $6.2 billion by 2030 to eliminate fossil fuel risk across its iron ore operations, Kallanish notes. The move is expected to also reduce Fortescue operating costs by $818 million per year. The investment, which is largely planned for FY24-28, includes the deployment of an additional 2-3 gigawatts of renewable energy generation and battery storage and the estimated incremental costs associated with a gr…
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