Articles On Fenix Resources (ASX:FEX)

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.

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...