
Fenix to acquire CZR
Fenix Resources (ASX: FEX) will acquire CZR Resources (ASX: CZR), creating a large-scale, diversified iron ore mining and logistics business operating in both of WA’s major iron ore regions — the Mid-West and the Pilbara. The combined entity will benefit from Fenix’s demonstrated operational expertise and profitability across its mining, logistics and port businesses and CZR’s 85% interest in the substantial Robe Mesa iron ore project and plans for securing approvals to construct bulk loading facilities for the export or iron ore at the existing Port of Ashburton. Fenix executive chairman John Welborn says this is a transformational event for Fenix. “CZR’s Robe Mesa iron ore project is one of the last independent large-scale high-quality iron ore development assets in…









