Fenix Resources has signed a binding 30-year right-to-mine agreement (RTMA) with Sinosteel Midwest Corporation (SMC), a subsidiary of China Baowu Steel Group

Published: Sep 2, 2025 16:29

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Fenix Resources has signed a binding 30-year right-to-mine agreement (RTMA) with Sinosteel Midwest Corporation (SMC), a subsidiary of China Baowu Steel Group, giving Fenix exclusive rights to mine and export iron-ore from the Weld Range hematite iron-ore project in Western Australia’s Mid-West.

Under the Weld Range RTMA, Fenix has committed to maintain production of at least 6-million tonnes a year, while targeting exports of 10-million tonnes a year in collaboration with Baowu.

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