BHP Group and Rio Tinto Group, two of the world's leading miners, have partnered with BlueScope Steel Ltd. to establish Australia's largest electric iron-making furnace near Perth. The pilot project is set to produce 30,000 to 40,000 tons of molten iron annually and initially utilize natural gas and hydrogen supplied by Woodside Energy Group Ltd. to produce direct reduced iron (DRI). The companies plan to transition to using hydrogen to power the facility, aiming to achieve an 80% reduction in emissions if powered by renewables and green hydrogen. This initiative is crucial in showcasing that iron ore from Australia's Pilbara region can be processed in an electric furnace, replacing traditional coal-powered blast furnaces. The project, expected to commence operations in 2028, has the potential to address the challenge of producing DRI from lower-grade iron ore. Given that the steel industry accounts for about 10.5% of global CO2 emissions, this innovative approach could significantly contribute to decarbonizing steel production. Successful implementation could lead to broader adoption in steel mills globally, offering a sustainable solution for reducing carbon footprints. The project marks a significant step towards sustainable mining and steel production, with promising implications for the industry's environmental impact worldwide.