M&A

Fenix to emerge from Emergent's ashes 

AFTER a few years of drifting listlessly, Emergent Resources has decided to stick with iron ore, entering into an agreement to secure control of Prometheus Mining, which controls the high-grade direct shipping ore Iron Ridge opportunity some 65km outside Cue in Western Australia's Midwest region.

 Emergent wants to become a Midwest iron ore miner.

Emergent wants to become a Midwest iron ore miner.

The company, which will be renamed Fenix Resources if the deal closes, is seeking a rebirth with the project after several years during which it has clung to the lower-grade Beyondie iron ore project,...

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