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Fenix Resources Ltd (ASX:FEX) chairman John Welborn speaks with Proactive soon after announcing the company has locked in iron ore hedging contracts for another six months to the end of this year, securing a guaranteed price of A$171.17 per dry metric tonne at a monthly rate of 30,000 tonnes. The company has established new iron ore hedging contracts for production from the Iron Ridge Iron Ore Mine in WA consisting of iron ore swap contracts which are cash settled at the end of each month.
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