Fe Limited exercises option to lift JWD interest to 60% in strong iron ore market
“With our JWD operations progressing well and iron ore prices remaining high it was a simple decision for us to exercise our option to increase our JWD interest to give our shareholders further exposure to this exciting project,” says chairman. Earlier this week the company signed an offtake agreement with Glencore International AG.
Fe Limited (ASX:FEL) has increased its exposure to the producing JWD Iron Ore Joint Venture in Western Australia during a strong iron ore market by lifting its interest in the project to 60%.
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Fe Limited has “great vote of confidence” through Glencore offtake contract for JWD iron ore products
The leading international trading house will provide a US$7.5 million prepayment facility to assist FEL’s working capital requirements during the ramp-up phase. Crushed material being stockpiled at Geraldton Port.
Fe Limited (ASX:FEL) has received strong validation of its iron ore production strategy at the JWD Iron Ore Project in Western Australia with leading global trading house Glencore executing an offtake agreement for 100% of the product.
Glencore International AG has signed an exclusive agreement with FEL subsidiary Wiluna FE Pty Ltd for all of the product, including iron ore lumps and fines, over the life of the company’s operations at JWD.
Fe Limited sees first road trains leave JWD Iron Ore Project hauling product to port
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Fe Limited sees first road trains leave JWD Iron Ore Project hauling product to port Mining and crushing operations have ramped up well so the team is now focused on ensuring the same happens with haulage as we build towards our first shipment,” says chairman Tony Sage. A Campbell Transport road train being loaded with lump material at JWD.
Fe Limited (ASX:FEL) has passed another key milestone at JWD Iron Ore Project near Wiluna in Western Australia’s Mid-West with the start of haulage to the port facilities at Geraldton.
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.
Fe Limited continues to drive JWD towards production with haulage contract awarded
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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.