Fenix takes all of Newhaul

GERALDTON-based trucking company Newhaul has sold its half interest in haulage joint venture Fenix-Newhaul to Fenix Resources in a deal worth $16.5 million.

Fenix takes all of Newhaul Fenix takes all of Newhaul Fenix takes all of Newhaul Fenix takes all of Newhaul Fenix takes all of Newhaul

Fenix-Newhaul prime mover and trailer combination.

Consolidation of the haulage JV -established in 2020 to provide haulage and logistics services to Fenix's Iron Ridge mine- is expected to reduce Fenix's capital costs by about $10 per tonne.