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.

JV to get trucking JV to get trucking JV to get trucking JV to get trucking JV to get trucking

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.