Business
Here’s why the Fenix (ASX:FEX) share price rocketed up 26% today
The Fenix Resources Ltd (ASX: FEX) share price rocketed up 26% today on news it has secured a deal with Geraldton Port. The agreement will allow the company to export 1.25 million tonnes per annum of iron ore using the port’s shiploader.
At the time of writing, the Fenix share price is trading at 21.5 cents, in a day where share prices of iron ore producers on the ASX have broadly risen.
About today’s agreement
Fenix signed binding port access and lease agreements with Mid West Ports Authority (MWPA), operator of the Port of Geraldton in Western Australia.
These agreements will secure for Fenix a port allocation of 1.25 million tonnes per annum of iron ore, to be exported utilising the Berth 5 shiploader.
The term of the lease…
-
Noosa News15 hours agoConsolidated Pastoral Company buys Beetaloo aggregation in historic deal worth more than $300m
-
General23 hours agoWotjobaluk Nations Festival marks landmark native title recognition
-
Business21 hours agoCounter drone company surges past $1 billion valuation with new contract win
-
Business19 hours agoWhy are ASX 200 tech stocks like Xero shares taking a beating on Monday?