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S&P/ASX 200 gains 0 68% as China s central bank cuts reserve requirement ratio
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Fe Limited secures key Geraldton Port contracts, decisions to mine at JWD Iron Ore Project finalised
Two key port agreements bring FEL a step closer to becoming an iron ore producer, with decisions to mine at the JWD project now finalised. Crushed material on the product pad ready for haulage to port.
Fe Limited (ASX:FEL) has executed a suite of key Geraldton Port contracts as it continues to drive its JWD Iron Ore Project towards near-term production.
The emerging iron ore producer has inked a port access and services agreement and a port storage facility licence agreement, which covers the export, storage and handling of JWD ore over a 12-month period.
S&P/ASX 200 slumps 1.40% amid global concerns about new COVID-19 variant
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S&P/ASX 200 slumps 1.40% amid global concerns about new COVID-19 variant
The 10-year U.S. Treasury yield fell as low as 1.25% on Thursday, its lowest point since February, on growing concern about the pace of the global economic recovery. The decline in bond yields could be signalling that the Delta variant may slow growth.
S&P/ASX 200 (INDEXASX:XJO) fell 1.40% to 7,238 points by about 12.55 pm after a rise in COVID-19 cases overnight forced Premier Gladys Berejiklian to tighten restrictions in greater Sydney.
NSW recorded another 44 cases on Friday, the highest daily increase since the latest outbreak began after yesterday’s record of 38.
Fe Limited continues to drive JWD towards production with haulage contract awarded
Companies
Fe Limited continues to drive JWD towards production with haulage contract awarded
David Campbell Transport Pty Ltd will provide haulage of a minimum of 1,200 tonnes per day with the contract pricing having an innovative floating price element. Mining in the JWD pit, with ore exposed in the face.
Fe Limited (ASX:FEL) has taken another key step towards first production from the JWD Iron Ore Project in Western Australia by executing a haulage contract with David Campbell Transport Pty Ltd.
The experienced road train haulage contractor will act as lead haulage contractor for the project.
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