Price of Iron Ore, page-1574

In addition, the company has entered an updated Port Services and Access Agreement with the Mid West Ports Authority, which operates Geraldton port, to cover vessel berthing and related activities.

“We are pleased to sign up as Fenix’s first third party customer following their purchase of Mt Gibson’s Geraldton Port infrastructure and are looking forward to working with them and MWPA for the ongoing efficient export of our JWD product,” executive director Mark Hancock said.

“The agreements will facilitate the continued export of our high-grade iron ore at a time where iron ore prices are performing strongly.

“CuFe’s ability to agglomerate certain third-party tonnes with its own under the contract allows us to increase utilisation of the shed, thus reducing our fixed costs and allowing shipments to build more quickly, improving our working capital cycle.”
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