Fenix rises on $60m Mid West mining deal

Fenix rises on $60m Mid West mining deal

Fenix Resources has beefed up its fledgling Mid West iron ore empire after striking a $60 million deal with the world’s largest steelmaker.

Fenix secures full Weld Range iron ore mining rights in $60m Sinosteel deal

Fenix has secured the full mining rights over the Weld Range project from China’s Sinosteel Midwest Corporation under a $60 million deal, bolstering its resource base in the Mid West.

Fenix secures rights to Weld Range iron ore project in Australia

Fenix Resources has signed a binding agreement with Sinosteel Midwest Corporation (SMC) for a 30-year exclusive right to mine and export iron ore from the Weld Range Hematite Iron Ore Project located in Western Australia.The post Fenix secures rights to Weld Range iron ore project in Australia appeared first on Mining Technology.