23
Mar
02:14
Fenix adds to iron ore hedging cover
Australian iron ore producer Fenix Resources has established new iron ore swap contracts for an additional 10,000 dry metric tonnes/month at a fixed rate of AUD 180/dmt ($121/dmt) for the six-month period from July 2023 to December 2023, Kallanish notes.
These new contracts have been added to the company’s existing iron ore hedge book. A total of 50,000 dmt/month of iron ore is now hedged up to and including June 2023 at a fixed price of AUD 173.2…
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