Fenix Resources Ltd

Fenix Resources (ASX: FEX) has released a three-year production plan that establishes a pathway to reach up to 6Mtpa by FY28, consolidating mining at the Weld Range project as the Iron Ridge and Shine operations approach the end of their current mine lives.

Fenix Resources (ASX: FEX) has announced a “game-changing” right-to-mine agreement with the world’s largest steel producer over the Mt Weld Range hematite iron ore project in Western Australia, signing a 30-year deal with Sinosteel Midwest that could markedly extend the project’s current mine life and expand production. The deal extends the run of good news […]

Fenix Resources (ASX: FEX) says partnering with CZR Resources (ASX: CZR) will create a large-scale, diversified mining and logistics business operating in Western Australia’s major iron ore regions. Fenix will bring its $56.1 million in cash and ongoing cash flow from its Mid-West operations to deploy into the development of CZR’s Robe Mesa iron ore […]

Iron ore’s long goodbye kicks on and might last for the rest of the year thanks to Russia’s war on the Ukraine and another setback for a project in Africa dubbed the Pilbara Killer. Fighting in the Ukraine has effectively removed 100 million tonnes of iron ore from the market with commercial shipping in the […]