Articles On Fenix Resources (ASX:FEX)

Rio’s US$2.4 billion Jadar lithium mine is dead in the water after Serbia’s ruling party put the shoe on the other foot and booted the mining giant from the Balkan country amid protests against the project. Serbian PM Ana Brnabic told repor...

In Q4 2021, Fenix Resources (FEX) shipped a record 357,000 tonnes of iron ore from its Iron Ridge Project, but this was accompanied by lower iron ore prices and higher costs C1 cash costs were 7 per cent higher than the previous quarter an...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The iron ore market does not offer the simple narrative that it did in the first two decades of the 21st century nor that of the suite of “green metals” like lithium, nickel and copper now hitched to electric vehicle sales and efforts to ma...

Highlights  ASX 200 is trading at a healthy dividend yield of 5.04%. VTG, CDD and FEX are quoting at a dividend yield of over 30%. A very high dividend yield is generally not sustainable. As 2021 draws to a close, branding it as o...

Coal mining is hardly popular but governments around the world, most of whom have promised to work to reduce the impacts of climate change, can’t get enough of it. It may be getting harder to finance and gain approval for mining coal, the b...

Iron ore has been unpredictable in 2021 and it would be a brave person to make a hard and fast call on where it will end up in 2022. In fact, with the whims of the Chinese Communist Party and vagaries of its economy one of the major factors...

The topsy turvy data coming out of China’s steel sector continues to roll on after the world’s biggest steelmaker revealed iron ore imports hit a 13-month high in November despite sliding steel production. China’s appetite for iron ore roar...

Fenix Resources (FEX) has reached one million dry metric tonnes of ‘high-grade’ iron ore sales from its Iron Ridge project in WA The company has a reported net operating margin of approximately $64 per dry metric tonne shipped This milesto...

This achievement triggers the conversion of the 30 million Class B performance shares to ordinary shares in the company.

Lithium minnow MinRex added to Garimpeiro’s imaginary, high-performing five-stock portfolio Labyrinth hits visible gold, hires former Northern Star geology boss Scorpion (gold, iron ore, nickel-copper, PGEs), Brockman (iron ore) and Kaili...

Hancock Prospecting is making a big move into magnetite iron ore, this week inking an initial $9 million deal to farm into the Mt Bevan iron ore project owned by juniors Legacy Iron Ore (ASX:LCY) and Hawthorn Resources (ASX:HAW). It’s an in...

Former Resolute Mining boss John Welborn will take the chairmanship at Fenix Resources in an apparent bloodless coup at the junior iron ore miner’s annual meeting on Tuesday.

New appointee John Welborn is a champion for responsible and sustainable mining development and was named by MiningMx as one of the 100 Most...

Westpac is the latest major financial institution to knock down its iron ore forecasts after prices dived below US$100/t again on a slowdown in steel production in China it describes as the largest since 2008. It revised its price forecasts...

If there was any doubt about the importance of grade in iron ore, check out the latest numbers from Mineral Resources (ASX:MIN). Chris Ellison’s miner suffered a 48% discount to average Platts 62% iron ore prices in the September Quarter. T...

The sharp fall in the price of iron ore since May has dampened the appeal of the steel-making mineral for most investors but in the dust left by the 50% price plunge nuggets of value can still be found, such as the ultra-small Fenix Resourc...

Iron ore stocks took a dive in afternoon trade to send what was looking like an alright day for big mining stocks heavily into the red. Fortescue Metals Group (ASX:FMG) was off 5.34%, erasing gains from earlier in the week, with Rio Tinto (...

Mining operations in tropical regions should prepare for an increased chance of cyclones and wet weather this spring and summer. It comes as the Australian Bureau of Meteorology (BOM) released its tropical cyclone outlook for 2021-22, zonin...

Set against rumours of its demise, spot iron ore has remained stubbornly defiant, reminding investors again why forecasting is a fool’s errand by bouncing above US$135/t on Monday night. A broad consensus is forming around metals like coppe...

Fenix noted six shipments of iron ore from its Iron Ridge Project in Western Australia were sold during the quarter, comprising 197,848 wet metric tonnes (wmt) of lump and 143,422 wmt of fines. The quarterly update helped the Fenix Resource...

Fenix Resources Ltd [ASX:FEX] share price to rise 8.5%. Fenix noted six shipments of iron ore from its Iron Ridge Project in Western Australia were sold during the quarter, comprising 197,848 wet metric tonnes (wmt) of lump and 143,422 wmt...

“Given the current circumstances in the iron ore industry, this is a strong result which saw Fenix generate substantial free cashflow as increased production and a lower Australian dollar helped offset reduced iron ore prices," says MD.

Fenix Resources (FEX) recounts a ‘solid’ September quarter on the back of higher production rates, robust margins and strong free cashflow The WA-based iron ore miner sold six shipments of iron ore from the Iron Ridge project at average gr...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Is there any end to coal’s incredible price run in 2021? This week has seen thermal coal prices rise to record levels, with low volatility 6000kcal product from Newcastle soaring 5% to US$240/t yesterday. Twelve months ago, when China’s dip...

The junior end of the iron ore sector is continuing to contract in the wake of volatile prices, with Mt Gibson Iron (ASX:MGX) confirming plans on Friday to suspend its new Shine mine in WA’s Mid West. It is the latest high-cost operation to...

The pundits were right, for once: the laws of market gravity were always going to catch up with the price of iron ore, which in a matter of weeks has tumbled more than 50% from its nosebleed territory of US$220 a tonne. Still, no-one quite...

The Fenix Resources Ltd (ASX: FEX) share price is struggling through September despite only good news being released by the company. Fenix released its annual results and news of its maiden dividend on 15 September. At the time, its maiden...

The biggest director trade on the ASX in the past fortnight came from one of Australia’s most famous pub barons – Bruce Mathieson of Endeavour Group (ASX:EDV). Mathieson is 63rd on the Top 22 rich list with a net worth of $1.54 billion. End...

The Fenix Resources Ltd (ASX: FEX) share price is surging today despite no price-sensitive news having been released by the company. And today’s gain is only the latest extreme movements faced by Fenix’s stock this week. The company’s shar...

Australia’s bourse had its biggest decline since February 26 falling by over 2%. The ASX 200 fell 2.1% to close at 7,248 and is down 5% since August 13. The ASX Emerging Companies Index fared worse, losing over 4% in its worst day since Apr...

The Fenix Resources Ltd (ASX: FEX) share price opened to a rude awakening on Monday, down 27% to a 6-month low of 21.5 cents. What’s driving the Fenix Resources share price? Fenix Resources shares went ex-dividend this morning for a whopp...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The Fenix Resources [ASX:FEX] shares rose 8% after the iron ore stock declared a full-year profit and a maiden dividend. FEX shares were up 8.6% at time of writing. The post Fenix Resources Shares Soars on Maiden Dividend (ASX:FEX) appeared...

Highlights Pilbara Minerals shares hit record high on strong response for spodumene auction. Hotel Property Investments nosedived 6% despite raising funds. Strike Energy rose over 3% following a business update. Fenix Resources share...

The company unveiled its dividend policy and declared a maiden dividend of 5.25 cents per share fully franked. 

Highlights The Australian benchmark index, ASX 200, declined as much as 0.7% by lunchtime. Weak global cues and rising COVID-19 cases weighed on market sentiment. Eight of 11 sectors were trading lower, while energy was the worst perf...

The Fenix Resources Ltd (ASX: FEX) share price is a strong performer on Wednesday after the iron ore producer released its annual results and maiden dividend. At the time of writing, Fenix shares are 8.62% higher than yesterday’s closing...

Fenix Resources (ASX:FEX) share price eyes 16% maiden dividend. Published. 12 hours ago. on. September 15, 2021.

Coking coal prices have gone a wee bit crazy in recent weeks, presenting a once in a generation opportunity for ASX-listed companies who looked sickly as the 2021 financial year wrapped up. According to Fastmarkets MB, supply remains tight...

‘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 pro...

ASX shares in the iron ore sector have sold off sharply in recent months following steel production constraints in China. Iron ore prices have rapidly deteriorated from May record highs of US$230/t to just US$129/t. This has, in turn, ra...

Is Rio Tinto (ASX:RIO) going to disappoint on shipments yet again? The gaffe-prone Pilbara miner, which was carried by stratospheric iron ore prices to a US$9.1 billion dividend at the half year, appears likely to miss its ambitious guidanc...

Andrew Forrest said he wouldn’t bet against the price of iron ore this week as he addressed media and analysts in a lap of honour for Fortescue Metals Group’s (ASX:FMG) transformative 2021. That was driven by record high iron ore prices thr...

Hot Money Monday is typically the domain of ASX small caps, but this week saw plenty of larger companies near the top end of the list as investors responded to some reporting season surprises. Each week, Stockhead recaps ASX stocks that are...

For anyone with the capacity to (correctly) entertain higher-for-longer spot iron ore prices during the last 12 months, Fenix has been a spectacular place ...

How’s that Aussie coal ban going for China? Prices of imported premium coking coal in the Middle Kingdom soared to record highs of US$384 per tonne while China looks around every nook and cranny to source the product it once got from our ea...

“Our unaudited financial results illustrate the rapid and relatively seamless execution of our project delivery strategy. We have hit the ground running and taken advantage of robust iron ore prices," says MD.

The Fenix Resources Ltd (ASX: FEX) share price surged on 13% to 30 cents within the first ten minutes of trading after the company released its unaudited FY21 results. At the time of writing, shares in the iron ore junior are up 7.55% to...