Ferrexpo, a leading mining company, is making significant strides in decarbonization with a clear Net Zero strategy. By reducing the carbon intensity of its pellet production process by 32% in 2023, Ferrexpo has set ambitious targets for further reductions, aiming for a 50% decrease by 2030 and ultimately achieving net zero emissions by 2050. Key projects identified by Ferrexpo include transitioning to biofuel, eliminating fossil fuels, electrifying mining vehicles, and introducing hydrogen-fueled barges. These measures are expected to drive 90% of the company's potential emissions savings, with biofuel transition in pelletizing being the most impactful measure. Electrifying mining vehicles is deemed the quickest measure to implement, while eliminating fossil fuels remains a top priority. Ferrexpo's Climate Change Report also highlights the need for a significant investment of $3.3 billion in capital expenditures, with a focus on renewable power generation and storage. This comprehensive approach underscores Ferrexpo's commitment to sustainability and environmental responsibility in the mining industry.