Article

Grangex and Anglo American have partnered to revive Norway's Sydvaranger iron ore mine, which has been inactive since 2015, to leverage its magnetite reserves for hydrogen-based green steel production. This initiative supports the EU's goals for critical raw materials and supply chain diversification amid geopolitical tensions, with plans for phased development and an investment of $300-500 million. The project aims to produce several million metric tons annually, enhancing access to high-quality iron ore for European steel producers.