Articles On Fenix Resources (ASX:FEX)

A green steel market has taken another big step after Fastmarkets launched its first Asian green steel premium on Friday Fastmarkets regional editor Asia Paul Lim told Stockhead premiums paid for low carbon steel had been seen in excess o...

Iron ore has in recent memory performed extraordinarily poorly in the second half thanks to a recent cycle of unfettered steel output in the first half of the year in China followed by a string of Government controls to keep output falling...

Fenix Resources Ltd (ASX:FEX) has taken additional steps to minimise the impact of fluctuating iron ore prices on its profitability by securing ...

Mineral Resources could face a deadline in its efforts to create a new magnetite iron ore province in WA’s Yilgarn region Fenix Resources shares drop despite $29m profit as dividend more than halves Bowen Coking Coal retools as Bathurst R...

Fenix Resources Ltd (ASX:FEX) has achieved a 2023 net profit of $29.3 million on the back of 1.36 million wet metric tonnes (wmt) sales of ...

Fenix Resources (ASX:FEX) produced and sold 1.36 million tonnes of iron ore in FY23 generating annual sales revenue of $196.8 million and delivering a net profit after tax of $29.3 million. In its financial results for the year ended 30...

Stockhead’s Top 10 at 10, published when it’s good and ready each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the b...

BHP sees cost support for iron ore prices at between US$80-100/t It suggests strong margins could remain in place for a while, even as majors look to ramp up iron ore supply and questions hover over Chinese steel demand The process to sel...

Sonia Madigan: John Welborn is the Chairman of Fenix Resources (FEX). We’re here at Kalgoorlie Diggers & Dealers today. Now, you’ve brought in some samples here of iron ore. Tell us about this, where it’s from and who you are....

IEA predicts coal demand will remain around record levels in 2023, driven by China, India and South-East Asia Exports of thermal and met coal could outstrip 2019 record Rio boss admits China steel may have peaked Coal is on the nose with...

Iron ore prices have arguably outperformed in 2023, remaining at strong, profitable levels for producers despite concerns China’s return from Covid may not be all it’s cracked up to be. The market was on a rampage earlier this week amid hop...

Fenix Resources boss John Welborn says the company is looking to rein in costs and boost its scale to keep growing the iron ore junior.

Iron ore producer Fenix Resources (ASX:FEX) has completed the acquisition of Mount Gibson’s (ASX:MGX) Mid-West iron ore and port assets in Western Australia.  Fenix, which has a $196.59 million market capitalisation, has acquired the Shine...

Fenix Resources has completed the acquisition of Mount Gibson Iron’s Mid-West iron ore, port and rail assets. In June 2023, Mount Gibson reached conditional agreement to divest its Mid-West hematite iron ore mining and infrastructure asset...

Iron ore producer Fenix Resources has finalised its acquisition of Mount Gibson Iron's Mid West iron ore, port and rail assets.

Shares finished flat ahead of major decisions by central banks Core Lithium plunges after quarterly update The Fed to raise interest rates by 25 basis points   Local shares closed flattish on Monday as traders looked for direction ahead o...

Fenix Resources Ltd (ASX:FEX) has completed the acquisition Mount Gibson Iron (ASX:MGX) Ltd's Mid-West iron ore, port and rail assets in a ...

The company I will write about, Fenix Resources, is in the latter camp. It produces high-grade iron ore product from Iron Ridge in WA, ...

Listen to ASX-listed Fenix Resources Chairman John Welborn talk to Matt Birney on the Bulls N' Bears Report about Fenix' remarkable iron ore mine ...

Fenix Resources (ASX:FEX) has established new iron ore hedging contracts for a total of 10,000 dry metric tonnes (dmt) or iron ore per month from July to December 2023.  The company says the new contracts have been added to its existing iro...

Fenix Resources Ltd (ASX:FEX) chairman John Welborn chats to Proactive after the iron ore stock acquired fellow ASX-lister Mount Gibson Iron ...

To reduce the impact of iron ore price fluctuations on its profitability, Fenix Resources Ltd (ASX:FEX) has entered into new swap contracts to ...

It’s the last day of the financial year and significant changes are set to take place from tomorrow. Australia’s minimum wage will increase to just above $23 per hour. Superannuation figures will also increase from 10.5 per cent to 11 p...

Fenix Resources (FEX) establishes new iron ore hedging contracts to secure stable sales volumes for the coming months The company adds 10,000 dmt per month from July to December 2023 Fenix now has contracts for a total of 50,000 dmt p...

Futures suggest the ASX will open in the green, ending the financial year on a positive note. The US Federal Reserve is expected to continue hiking rates at its next meeting after stronger-than-expected economic data suggests the “modera...

Iron ore producers Fenix Resources is taking over Mount Gibson's Mid West iron ore assets and port facilities built up over spending two decades ...

Specifically, Fenix Resources (ASX:FEX) is acquiring the 'shovel-ready' Shine Iron Ore Mine, two storage sheds at Geraldton Port, two Mid-West ...

Iron ore miner Fenix Resources is expanding to become a bulk commodity logistics operator for other resources, including lithium, by purchasing WA ...

WA Government pledges ‘education-first’ approach to enforcing much-criticised Aboriginal Heritage Act Fenix snaps up Mt Gibson assets in bid to lower costs and boost scale of Mid West iron ore business   The mining industry has won a grea...

Fenix Resources is set to buy Mount Gibson Iron's Shine iron ore mine on care and maintenance and its rail and port assets in the Mid West under a ...

Iron ore producer Fenix Resources (ASX:FEX) has entered a binding agreement with Mount Gibson Iron (ASX:MGX) to acquire its Mid-West iron ore and port assets in Western Australia. Under the agreement, the company will acquire the Shine Iron...

In a potentially “game-changing” development, Fenix Resources Ltd ... in its iron ore resource base which will underpin production growth.

Junior rival Fenix Resources boosted its port and logistics footprint in the region and at Geraldton Port through a $25 million deal with Mt ...

Mount Gibson Iron sells Mid West assets to Fenix Resources for $25 ... deal which will see it become a major stakeholder in Fenix Resources.

Good morning to you all. The good news is that the ASX posted its best one-day gain since April yesterday, after way better than expected CPI data for May had investors punting that the RBA is likely to keep things on hold next week, after...

Mount Gibson Iron will seek to divest from its Mid West iron ore mining assets in a bid to free up capital and become a major stakeholder in Fenix Resources. 

Fenix Resources (ASX:FEX) has achieved a production milestone of 3 million dry tonnes of iron ore at its flagship Iron Ridge Iron Ore Project in the Mid-West region of Western Australia. The company reports the 3 millionth tonne has been sh...

Fenix Resources Ltd (ASX:FEX) chairman John Welborn chats with Proactive soon after the company produced and shipped its three-millionth tonne of ...

Fenix Resources (FEX) achieves a “significant” sales milestone of three million dmt of high-grade iron ore from its Iron Ridge mine in Western Australia The three millionth tonne was shipped from the company’s facilities at the Geraldton...

Fenix Resources Ltd (ASX:FEX) has produced and sold three million dry metric tonnes (dmt) of iron ore from its flagship Iron Ridge Iron Ore ...

Try predict what commodity prices will do, and iron ore in particular, and they will make a fool of you. That’s what analysts, economists and forecasters do without any real sense of certainty, especially given the opaque nature of the Chin...

If coal’s crazy 2022 was a wonder to behold and a watershed moment for investors who have spent years chastising the ESG lens that has quickly and loudly engulfed the resources market, 2023 has been a chastening experience for those who tho...

Goldman Sachs, famous for its bear move on lithium last year, has turned pessimistic on China’s property recovery That saw iron ore end a nine session winning run yesterday Uranium miners run as spot prices hit 12 month high   Goldman, Go...

China’s state iron ore buyer seems to be costing its mills more money than it is saving them in price negotiations with miners Reuters reports little has changed in the iron ore trade since the much-hyped introduction earlier this year of...

Falling met coal prices have helped stabilise steel mills, providing solace for iron ore miners who have seen prices fall Chinese property data remains a concern for iron ore: NAB Genmin submits mining permit application ahead of FID for B...

Despite prices falling this year, Australian Pacific Coal interim CEO Ayten Saridas says the thermal coal market has legs Its Dartbrook mine restart is one of a handful of coal developments approved to come online in the coming year Iron o...

Iron ore futures, big miners pull materials sector into the red Lynas’ Amanda Lacaze waxes lyrical on opportunities to diversify its growing rare earths business Fenix Resources and Mt Gibson Iron report strong cash flow on higher iron ore...

Chinese steel and iron ore demand an opaque picture as always as strong prices remain Sundance continues legal fight over African iron ore project Could ASX-listed Siberian coal miner be falling foul of Australian sanctions? Chinese steel...

Tribeca Investment Partners portfolio manager Todd Warren gives us his take on bulk miners and commodities Champion Iron could be a long term beneficiary of rising spreads for higher grade iron ore Glencore and Teck, currently involved in...

We’re in an economic cycle where small caps are being sold in favour of large caps But indiscriminate selling can lead to good stocks being oversold Experts chime in on how to find good quality small cap stocks   The old Warren Buffett ad...