Ann: Fenix to Restart Mining at Shine, page-95

I think it is a misunderstanding to believe that management is switching focus from dividend to growth.
Just the opposite.

Shine requires only 7.4 million $ capital to get started.
At a run rate of 1.2million tons per year and a margin of say 30...50...70... $ per ton they have a payback time of months, if not weeks.
The investment may affect this years dividend slightly, but will definitely help raise next years dividend significantly.
W11 the same, only the payback time is longer.

I won`t be disappointed if the dividend is 2 cents again and will be happy at 3 or 4.
Next year we can expect much more unless iron ore prices drop significantly below Platts 62 100USD.