Fenix Resources achieves production increase

Fenix Resources (ASX:FEX) recently joined the ranks of Australia’s iron ore producers and has ramped up its production to deliver two shipments per month to Geraldton port (reports Stockhead).
12th March 2021
Resources Rising Stars

Fenix Resources (ASX:FEX) recently joined the ranks of Australia’s iron ore producers and has ramped up its production to deliver two shipments per month to Geraldton port (reports Stockhead).

Road haulage rates for the company’s Iron Ridge mine in WA have reached nameplate levels of 1.25 million tonnes per year, a feat achieved one month ahead of schedule.

“We have built a sustainable iron ore export business in a short space of time and have done so with due respect for the heritage value of the area around Iron Ridge, the environment and the health and well-being of our people,” managing director, Rob Brierley, said.

The company’s production rate is now enough to schedule two bulk shipments of 60,000 wet metric tonnes per month for the foreseeable future, said Fenix Resources this week.

Fenix Resources has sold 100,000 wmt of iron ore lump and fines products to date, and two further ships are booked for loading in the second half of March.

Iron Ridge is a premium direct shipping ore mine located 490km from Geraldton port in WA that started production in December and dispatched its first export cargo in February.

High-grade shipments of iron ore attract a premium from Chinese buyers who are increasingly demanding purer steelmaking raw materials to lower pollution emissions.

 

 

Subscribe to the RRS Weekly Wrap

© 2021 Resources Rising Stars All Rights Reserved