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JV to get trucking

GERALDTON-based joint venture Fenix Newhaul is to start hauling iron ore from Fenix Resources’ Iron Ridge project to port in December as part of a $360 million, six-year contract.

Karma Barndon
Geraldton port, WA

Geraldton port, WA

The contract is based on a terminal gate diesel price of about $1.34 per litre. The company is a 50:50 JV between Fenix and Newhaul, which is owned by transport stalwart Craig Mitchell. Fenix Newhaul...

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