Recently, FMG announced that it will carry out renewable energy projects in its iron ore mines. Upon completion of the project, the electricity generated will replace 100 million liters of diesel fuel per year at the FMG Chichesterhub iron mine and will reduce CO2 emissions by 40%.

FMG will work with Australia's Alinta Energy to build a 60 MW solar power plant at the Chichester Iron Mine, which is expected to cost A$114 million (US$77.84 million). FMG will also establish a transmission line to connect the iron ore facility to a 35 MW storage and Newman natural gas power station. As a result of winning the FMG cooperation project, Alinta Energy will receive A$90 million (US$615.95 million) and A$24.2 million (Approximately 1655.27) from the North Australian Infrastructure Division (NAIF) and the Australian Renewable Energy Agency (ARENA). Ten thousand dollars) of the loan.

Once the project is completed and operational, FMG's Chichester iron ore mine will receive 24 hours of solar power delivery, and additional additional power will come from the storage and Newman natural gas power stations.

FMG CEO Elizabeth Gaines said the partnership with Alinta Energy is an important milestone in FMG's energy strategy. In the long run, the project will further reduce the cost of FMG.