21
Nov
01:53
Fenix Resources seals 500,000t iron ore off-take
Australian iron ore producer Fenix Resources has inked a deal to purchase and export up to 500,000 tonnes of direct shipping ore (DSO), Kallanish notes.
The firm says in a statement that it has executed definitive documents with 10M Pty Ltd (10M) for the exclusive right to purchase and export the iron ore from the high-grade Twin Peaks direct shipping iron ore project within a 24-month period.
Under the agreement, 10M will supply 500,000 tonnes of +60% Fe d…
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Very good overview of the weekly steel market.
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