Ann: Fenix acquires Mid-West haulage business, page-145

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Fenix Resources appointment of successful mining executive as director signals appetite for growth2021-11-16 11:38:00New appointee John Welborn is a champion for responsible and sustainable mining development and was named by MiningMx as one of the 100 Most Influential People in Africa’s Mining Industry. Fenix Resources Ltd (ASX:FEX) has appointed John Welborn, an internationally respected senior mining executive and company director, as a non-executive director. The WA-based iron ore miner will benefit from Welborn’s expertise in steering listed companies through growth and change, and his considerable past successes presiding over flourishing share prices and soaring net value.Welborn, who has an enviable record of generating strong returns for shareholders, has demonstrated his confidence in the company with a subscription for 10 million new Fenix shares at the current market price of $0.23 each – a total investment in the company of more than A$2 million.Transformational leader A former investment banker who has operated in the resources sector for more than 20 years, Welborn transformed Resolute Mining Limited during his tenure as its managing director and CEO. He shepherded Resolute's market capitalisation from less than $200 million to more than $1 billion over a five-year period, tripling its share price and presiding over its ASX200 and London Stock Exchange debut.