Articles On Fenix Resources (ASX:FEX)

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.

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 (...