Fenix Resources Ltd's (ASX:FEX) Rob Brierley speaks to Proactive following the news it's hedged around 45% of its planned iron ore production at $230.30 per dry metric tonne over a 12-month period. The hedging is covered under iron ore swap arrangements, which stipulate 50,000 tonnes of resource will be priced against the Monthly Average Platts TSI 62 Index and converted to AUD each month from October 2021 to September 2022.
Fenix Resources locks in profitability as it hedges 45% of iron ore production
Quick facts: Fenix Resources Ltd
Price: 0.225 AUD
Market Cap: $106.25 m
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