Western Australia Approves POSCO Holdings’ $3 Billion Iron Project

The Western Australian government approved POSCO Holdings’ planned $3 billion Port Hedland Iron project, a low-carbon iron facility expected to process three million to 3.5 million tons of iron ore annually.

The project is planned near Port Hedland in Western Australia. Its annual processing capacity is expected to range from three million to 3.5 million tons of iron ore.