Fully-integrated mining, logistics and haulage business Fenix Resources has produced and sold its two millionth dry metric tonne of iron ore from its flagship Iron Ridge iron ore project in Western Australia.
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Fenix rises to become fully integrated mining and haulage company
Six shipments totalling about 344,000 wet metric tonnes (wmt) of high-grade iron ore from Fenix’s Iron Ridge Project in Western Australia were sold during the June 2022 quarter, generating about $15 million in net operating cash flow resulting in a closing cash balance of $102 million.
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Newhaul asset gives Fenix transport advantage
Western Australian iron ore producer Fenix Resources has signed definitive agreements to acquire transport operation Fenix-Newhaul in full, by snapping up Newhaul’s 50 per cent interest in the business.
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Cyclone Seroja halts mining activities
Western Australia's mining sector is assessing the impact of Cyclone Seroja after it hit the coast last weekend.
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