Articles On Fenix Resources (ASX:FEX)

Fenix Resources has signed definitive agreements to acquire 100 per cent ownership in haulage joint venture, Fenix-Newhaul.

Rising inflation has put the spotlight on the ability for corporates to maintain profit margins Which sectors are the most inflation resistant ASX stocks with the highest and lowest profit margins The shock headline US CPI print of 9.1%,...

Fenix Resources boss Rob Brierley says weakness in iron ore supply means prices will be set by demand Iron ore futures in Singapore hit 2022 low as China’s steel mills drop prices Coal miners begin to look cheap again as thermal prices pic...

Fenix Resources boss Rob Brierley says the junior iron ore miner is zeroing in on acquisition opportunities after taking full control of its haulage joint venture company.

Fenix Resources (FEX) sold roughly 344,000 wet metric tonnes (wmt) of iron ore from its Iron Ridge project in the June quarter This takes the total amount shipped to 1.84 million wmt from the WA project since the first shipment early last...

Fenix Resources is an iron ore producer based in Western Australia. The company with over AU$157-million market capitalisation has an annual dividend ...

Fenix Resources has inked a deal to acquire Newhaul's stake in a haulage joint venture between the two companies for an initial $16.5 million.

Fenix Resources buys out haulage JV to take control of logistics, mimicking the structure of the Pilbara majors Rio Tinto opens 43Mtpa Gudai-Darri mine in the Pilbara as junior Strike prepares first shipment from Paulsens East Queensland c...

Western Australian iron ore producer Fenix Resources has signed definitive agreements to acquire Fenix-Newhaul in full, by snapping up Newhaul’s 50 per cent interest in the business. Factoring in the cash and equity consideration of the tra...

Recce Pharmaceuticals jumps on positive safety data during trial dosing participants with anti-infective · Fenix Resources moves to full ownership ...

Fenix Resources moves to full ownership in Mid-West haulage business · Sunstone Metals to quadruple landholding through acquisition near El Palmar ...

Fenix Resources Ltd (ASX:FEX) is positioning itself as a fully integrated mining, haulage and logistics company thanks to its latest acquisition.

Fenix Resources (FEX) signs a deal to acquire full ownership of the joint venture haulage business Fenix-Newhaul The parties have signed definitive agreements, where Fenix will buy Newhaul’s 50 per cent interest or $16.5 million in cash an...

Iron ore miners suffered a heavy sell-off yesterday as commodity prices fell on fears of Covid lockdowns in China Iron ore and steel market observer Mark Eames says there is more upside than downside thanks to the tight supply-demand balan...

... Aurumin logs multiple instances of visible gold in first diamond hole at Central Sandstone Project · Fenix Resources extends iron ore swap ...

ShareCafeEvening Report: 9 June, 2022 by Melissa Darmawan   The Australian sharemarket fell to a four week low pulled down by banks as concerns of rising interest rates and bad debts weighed on investor sentiment. Adding to the fears were n...

High-grade Western Australian iron ore producer Fenix Resources has fixed a price of $180.65 per dry metric tonne for 35,000DMT per month for the period from October 2022 to June 2023. The new iron ore hedging extends the company’s existing...

ShareCafeLunch Report: 9 June, 2022 by Melissa Darmawan   The major banks weigh on the Australian sharemarket after the Reserve Bank of Australia announced its outsized interest rate hike this week. Investors are concerned about the impact...

OECD hits metals sentiment, slashing global growth forecast by 1.5% · Copper leads the way for base metals with 0.3% rise to US$9730/t · Fenix Resources ...

Fenix Resources (FEX) extends iron ore swap arrangements for 50,000 tonnes per month up to and including September 2022 fixed at a price equivalent to $230.30 per dmt The previous agreement was 35,000 tonnes at a price equivalent of $180.6...

Fenix Resources Ltd (ASX:FEX)'s Rob Brierly discusses the company's offtake strategy with Proactive's Joel Flynn as the iron ore producer weathers the ...

Australia’s biggest bank has upgraded its long-term iron ore and coking coal forecasts in response to Covid, Chinese commodity demand and Russia But high energy prices could drive investment in decarbonisation, clouding the outlook for the...

The ASX iron ore juniors have not escaped the share price pain caused by rising inflation/interest rates in the major economies and China’s slowdown because of its COVID lockdowns. In fact, they have been hit harder. Fair enough, the junior...

China’s Covid Zero policy has seen analysts knock down economic forecasts Bad news for sentiment in steel and raw materials, with iron ore futures tumbling in afternoon trade Coal prices remain freaking high A precipitous slide in Asian i...

WoodMac sees pathway for steel industry to reduce emissions 30% by 2050 Transition will require shift away from blast furnace to scrap-based electric arc furnace steelmaking Despite Chinese strong steel output in April, Commbank sees suppo...

Iron ore miners have been looking fragile over the last week, clawing to hopes of a second half revival in the Chinese economy as the impact of its Covid lockdowns worsen. Prices remain relatively high compared to major producer margins, wi...

Stanmore has completed its ambitious US$1.2 billion ($1.7b) acquisition of BHP’s Poitrel and South Walker Creek coal mines Its founder Nick Jorss is aiming to repeat his success at new coal producer Bowen Coking Coal Jorss says steelmaking...

Highlights Dividend is an extra income investors earn over and above the capital appreciation of their stock holdings. VTG, FEX and BSE are the highest dividend paying penny stocks on the ASX. Dividend yield should not be used as a so...

China’s steel output has shown signs of life, building throughout the first quarter of 2022 after collapsing to its slowest rate in four years in October and November 2021. That came despite widespread curbs on mill output due to the Winter...

The Fenix Resources Ltd (ASX: FEX) share price is all over the map this morning. After leaping 7% higher in early trade, shares in the ASX resource explorer are currently up 1.8%, at just under 30 cents per share. There’s been plenty of in...

Iron ore and coal to drive $425 billion windfall for resources exports in 2021-22 according to Canberra forecasters India removes tariffs on Aussie coal exports as part of free trade deal Coal prices start to normalise (kinda), with premiu...

1) Remember the big market fall in January? It’s almost been erased since the big run-up in the market began around 9 March. Again, the triumph of the optimists prevails! At least for now… We already know one reason. Roaring commodity price...

Highlights Generally, large caps are more famous for the dividend income, all thanks to their massive earnings bases. VTG, FEX and BSE are some ASX penny stocks trading at the highest dividend yield on the ASX. One-time windfall profi...

Australian companies are lining up to deliver new high grade iron ore mines in a bid to capture tailwinds from the need to reduce emissions across the sector. This week no less than three studies have been released by ASX-listed juniors, ta...

Analysts tipping a major correction in the coal price by the end of 2022 have changed their tune after Russia’s war with Ukraine blew up the market. Prices have confounded belief, with tightness in the seaborne segment of the coal market bo...

Rio Tinto (ASX:RIO) executive Bold Baatar maybe failed to read the room at a conference in the US, when he said the company’s Oyu Tolgoi mine in Mongolia — hemmed in on either side by belligerent powers in Russia and China — would find it t...

Fenix Resources boss Rob Brierley says the rising iron ore price is more than offsetting spiralling fuel costs for the junior iron ore miner, which posted a first-half profit of $14 million on Thursday.

Fenix Resources (FEX) has reported a $14 million net profit after tax for the first half of FY22, a significant improvement from ts $1.2 million loss in the prior corresponding period The company says its Iron Ridge iron ore project perfor...

Coal prices have bounded to new record highs on Russia’s invasion of Ukraine, extending the bonanza Australian based coal miners have enjoyed since the middle of last year. The stunning turnaround in metallurgical and thermal coal prices ha...

Back before the last mining boom buying a tonne of iron ore was little more than a trip to the corner store, with the bulk commodity fetching prices in the range of US$30/t. When Chinese steel production and industrial growth began to overt...

In one of the big iron ore headline makers of the past month the WA Government has released its new plan for Port Hedland, the world’s largest iron ore export hub. The Pilbara Ports Authority has already pushed its export rate beyond the 49...

Scorpion Minerals (SCN) and Fenix Resources (FEX) have accelerated and expanded their previous earn-in agreement over the Pharos iron ore project in Western Australia Under the new agreement, Scorpion will become a Fenix shareholder Fenix...

“The opportunity to expand our regional footprint and seek to add to our existing iron ore resource inventory is an obvious value add for Fenix,” says chairman John Welborn.

ASX to open flat as Wall Street rally continues The relatively upbeat week in equity markets has continued overnight, with all three US stock market benchmarks rising for the third consecutive day. The S&P 500 climbed by 0.65%, the Dow...

Iron ore is in familiar territory right now. Talked down by analysts who predict it is due for a dive, the headline Australian commodity has been defiant in 2022 so far. Despite the column inches expended on the rise in crude oil prices so...

‘Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director, and responsible executive at Perth-based financial services pr...

The revival in iron ore prices is beginning to draw juniors who suddenly exited the scene late last year back into action. GWR Group (ASX:GWR), which scaled back operations at its Wiluna West mine in September, has made its way back in the...

The Pilbara iron ore miners are facing business pressures on a number of fronts, including the on again, off again story around the reopening of WA’s Covid border. The WA Government’s decision to delay its planned February 5 reopening inde...

“We finished the quarter with a strong balance sheet with net cash of $54.9 million, equal to $0.11 a share, and expect to build on this solid position during the second half of the financial year.”, says MD.