An Aboriginal group is seeking A$1.8 billion ($1.1 billion) from Western Australia in compensation after the state government allowed Fortescue to mine for iron ore without a land use deal, court filings showed on Wednesday.

Japanese trading house Mitsui & Co. will buy a stake in an Australian iron ore project for $5.3 billion, in a bet that the global steel industry will need high-quality raw materials to support its push to go green.

Japanese trading giant Mitsui has announced a $5.34 billion acquisition of a 40% stake in the Rhodes Ridge iron ore project in Australia. Operated by Rio Tinto (NYSE:RIO), Rhodes Ridge is among the worlds largest

Japanese trading house Mitsui said on Wednesday it would acquire a 40% interest in the Rhodes Ridge iron ore project in Australia for $5.34 billion. Rhodes Ridge, operated by Rio Tinto, is one of the world's largest undeveloped iron ore deposits with 6.