FEX resumes haulage to Geraldton Port
4 reasons why iron ore could surpass $230 per tonne!
The price of high-grade 65% Fe iron ore fines looks set to break through the $230-per-tonne-cfr-Qingdao price ceiling amid tight supply of seaborne cargoes and hefty mill margins, industry sources told Fastmarkets.
Fenix Resource (FEX) announces its first dividend policy as it flags some sturdy annual earnings and profits for the 2021 financial year
Accord to Fenix, unaudited sales revenue hit $113 million over FY21, with net profit after tax at $49 million
Fenix says to the extent dividends can be fully franked, it plans to return between 50 per cent and 80 per cent of after-tax earnings to shareholders
The company plans to release its audited 2021 financial year results in mid-September, with its maiden dividend to be declared as part of the report
Iron ore creeps higher on China steel demand optimism