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17 Nov

Fenix improves hedge book amid strong ore prices

Australian miner Fenix Resources has added additional iron ore hedging contracts for a total of 90,000 tonnes of iron ore, structured as 15,000 tonnes/month from January 2024 through to June 2024, Kallanish notes. Fenix says in a statement that these new contracts add to the company’s existing iron ore hedge book which now comprises a total of 420,000 tonnes, structured as 60,000 tonnes/month until December 2023 at a fixed price of AUD 170.10/t ($109.94/t) …
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Siew Mung Tan  |  Malaysia
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