Company
Fenix Resources Ltd
ASX:FEX
Fenix Resources is a fully integrated mining, logistics and port services business targeting to achieve an annual production rate of 4 million tonnes of iron ore during 2025 from its assets in the Mid-West region of Western Australia. High quality iron ore products are transported by road to Geraldton using the company’s 100% owned Road Logistics business.
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Iron ore stocks close December on a tear, but what looms in 2023?
This steelmaking commodity seesawed between the green and the red for the better part of a year before pricing improved in the December quarter.
Fenix Resources passes two million tonnes iron ore production milestone
"In less than two years Fenix has established a highly profitable business in the Mid-West which has created more than 200 new jobs and generated more than $100 million in cumulative net profits after tax,” said chairman John Welborn.