- Write by:
-
Friday, February 19, 2021 - 12:28:34 PM
-
554 Visit
-
Print
Mining News Pro - Fenix Resources has set sail with its maiden iron ore shipment from the Iron Ridge project in Western Australia after overcoming mechanical issues.
The Ya Tai 2 vessel left the Port of Geraldton after encountering issues on the carrier that led to an oil spill at the port.
It has now departed with a reduced quantity of 37,147 wet metric tonnes of cargo to allow the vessel to set sail.
This consists of 11,000 tonnes of lump and 26,156 tonnes of fines at the forecast grade specification of 63.3 per cent and 61.5 per cent, respectively.
“Fenix wishes to acknowledge the support and cooperation of the Mid West Ports Authority in allowing the cargo to be loaded, while ensuring no further issues,” the company stated in an ASX announcement.
Fenix’s next carrier is due to arrive next week, with sufficient products ready for the shipment.
The company produces direct shipping ore deposit that requires only crushing and screening.
It has struck offtake agreements with Sinosteel International Holding Company and Atlas Iron.
High grade iron ore attracts a premium price on the seaborne market due to the requirement for lower emissions from increasing Chinese steel works, according to Fenix.
The company delivered its first production in December last year.
The Iron Ridge project is around 490 kilometres by road from Geraldton Port, the closest port to the project.
Short Link:
https://www.miningnews.ir/En/News/611508
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports ...
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an ...
Japan’s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy US Steel, which it ...
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an ...
A Brazilian federal court rejected a request made by the country’s solicitor general’s office asking that miners Vale, ...
Imports of iron ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric ...
BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed ...
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time ...
No comments have been posted yet ...