Magnetite Mines says Australia must act now to create national green iron industry | Proactive Investors | John Miller

"Australia must act now if it is to seize the opportunity to play a significant role in decarbonising domestic and global steel production and utilise the nation’s significant international comparative advantage to create a competitive green iron industry, according to Magnetite Mines Ltd (ASX:MGT).

"This statement is part of the company’s submission to the Australian Government’s Green Metals Consultation Paper.

"The submission outlines the stark challenge facing the steel industry currently responsible for producing 8% of the world’s carbon emissions.