Phoenix's New Mine Ships Its First Vessel of Iron Ore!

Published: Aug 21, 2025 09:15

Save

According to Australian media reports, Fenix Resources has completed the first shipment of 60,000 wet metric tons (wmt) of iron ore lump products from the Beebyn-W11 mine in the Weld Range new iron ore project in Western Australia, with an iron grade of 62%. The cargo was transported from the Beebyn-W11 iron ore project to Geraldton Port using a four-carriage road train owned and operated by Fenix's subsidiary, Newhaul Road Logistics (hereinafter referred to as "Newhaul"). To support Fenix's expanding mining volume, Newhaul has built a new state-of-the-art transport truck service and maintenance workshop, office facilities, and a driver wellness center on a 30-hectare site in the Narngulu Meru commercial and industrial zone in Geraldton. The Beebyn-W11 iron ore project is Fenix's third operating mine, with current plans for annual production of 1.5 million mt in the 2026 fiscal year

. As a result, the company now operates at a total annual rate of over 4 million mt across three mines, handling mining, transporting, loading, and shipping. Fenix Executive Chairman John Welborn stated that the company's annual iron ore production has tripled while continuing to reduce operating costs

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 hours ago

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

16 hours ago

17 hours ago

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

17 hours ago

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

17 hours ago