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Fenix takes a Shine to Mid West assets

MOUNT Gibson Iron will become a key shareholder with a significant stake in Mid West producer Fenix Resources by selling its assets in the Western Australian region for around A$25 million.

Haydn Black
Fenix is expanding at the Geraldton Port

Fenix is expanding at the Geraldton Port

The John Welborn-chaired Fenix, which recently shipped its three millionth tonne from the Iron Ridge direct shipping ore operation, will pay $10 million cash and issue some $15 million in shares priced...

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