Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Fenix Resources has elected Atlas Iron to sell 50pc of the iron ore mined from the former’s Iron Ridge project in Western Australia. 


According to a feasibility study conducted by Felix in November 2019, the Iron Ridge project is expected to produce close to 1.25mn mt of iron ore per year for six-and-a-half years of the mine’s life. The mine’s development activities are projected to start by the end of this year and the first shipment is expected in early 2021. 


Other activities like arranging product offtake for the balance 50pc of the iron ore mined, getting various other permits and approvals for the project are under process and should be completed soon the Australian miner said in a statement. 

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