The company would build a unit that processes iron ore using green hydrogen at its plant in Gijon, Spain.

China, the world's biggest importer of most major commodities, has already made several attempts to stall a surge in prices for everything from iron ore to coal.

Gautam Adani is increasing his footprint in fossil fuels, new research shows.

The southern African nation, the world’s second-biggest diamond producer, has more than 200 billion tonnes of untapped coal reserves.

Adani Power, Hindalco Industries and Vedanta Ltd were among the companies that submitted bids.

Seaborne coal has become a quiet winner among energy commodities, lacking the attention of higher-profile crude oil and LNG.

Environment Minister Sussan Ley has “formed the view there are grounds on which to appeal,” her office said Friday in a statement, without specifying details of the issues the government will contest.

American coal production this year will swell 15% to meet stronger demand for electricity at home and abroad, according to the US Energy Department.