08
Oct
08:23
FEL achieves first lump shipment from JWD
Australia-listed mining company Fe Limited (FEL) has completed its first shipment of 60,500 wet metric tonnes of high-grade lump product from the JWD deposit, Kallanish learns.
It departed Geralton Port last week and headed to Southeast Asia, with 50,000dmt hedged at a 62% price equivalent of $160/dmt. The company has sold half of this hedge, realising a $45.1/dmt gain in the process.
"We only acquired the JWD asset in September 2020 and just over a year lat…
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