Fenix Resources moves into shipping with Mira Bulk partnership

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Australian iron ore producer Fenix Resources has partnered with dry bulk operator Mira Bulk to form the Fenix-Mira Bulk joint venture, aiming to reduce freight costs and support increased production. This move signifies an expansion into shipping logistics to bolster supply chain efficiency.

Australian iron ore producer Fenix Resources is expanding further down the logistics chain, forming a shipping partnership with dry bulk operator Mira Bulk in a move aimed at cutting freight costs and supporting its production ramp-up. The ASX-listed company announced the creation of the Fenix-Mira Bulk joint venture, which will give Fenix preferential access to …