Mining iron ore and transporting it to China - with John Welborn, Fenix Resources | Ep.137

In this podcast, host Stuart Fieldhouse speaks with Fenix Resources Executive Chairman, John Welborn. John talks about Fenix's simple mining extraction, transport logistics and port services. and their part in Western Australia exporting $60bn of iron ore to China. Stuart and John also discuss how iron ore prices have continued to perform well but given China's economic struggles, John gives his view on other areas that can sustain steel production going forward. John suggests that the market is irrationally pricing Fenix shares and suggests there could be a re-rate on the back of its production expansion. 00:00 Intro to Fenix Resources 02:23 The Iron Ridge Mine asset 02:54 Western Australia and the global iron ore market 04:17 Who's buying the iron ore? 05:10 Fenix also has a logistics arm 10:45 Other projects and the CZR takeover bid 12:02 Fenix's financial performance 13:08 The iron ore market this year 16:36 Sustainability 19:14 Future plans