04
Oct
04:23
Fenix sells Extension Hill assets to Terra Mining
Australian iron ore producer Fenix Resources is disposing of its Extension Hill iron ore asset in Western Australia for AUD 2 million ($1.27m), Kallanish notes.
Fenix says it has signed a binding agreement with Terra Mining and Extension Hill to transfer all of Fenix’s assets, liabilities, rights and obligations related to the decommissioned Extension Hill hematite operation from its wholly owned subsidiary Fenix Extension Hill.
Terra Mining will assume Fen…
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