The company stated that it is preparing for potential disruptions as the cyclone intensifies off the state’s northwest coast. Forecasts suggest the weather system will first impact the Gascoyne coast before moving south through the Mid West, potentially developing into a destructive system. Consequently, the Mid West Ports Authority has decided to temporarily close the Port of Geraldton and suspend all shipping activities.
Fenix announced that it is prioritizing the safety of its employees and contractors, implementing all necessary safety protocols across its operations. Additionally, it was noted that diesel supply constraints, triggered by ongoing conflicts in the Middle East, have begun to impact mining activities.
The company expects delays in fuel deliveries from its contracted suppliers and has already begun scaling back non-essential mining and haulage operations. However, current stockpiles are expected to allow for the continued processing and transport of iron ore to Geraldton in the short term.
The temporary port closure is anticipated to delay shipments and impact iron ore sales for the March quarter. Cargo rescheduling is planned once operations resume.
Despite these short-term disruptions, Fenix maintains its 2026 guidance, forecasting iron ore sales between 4.2–4.8 million tonnes, with C1 cash costs remaining at A$70–80/tonne (FOB Geraldton). The company noted that these projections assume port operations will resume in early April and fuel supply conditions will normalize.
Fenix added that, based on current information, there is no need to revise its three-year production plan or withdraw its guidance. However, the company will continue to monitor developments closely and provide market updates as necessary.
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