Australian Ore Miner Fenix Warns Fuel Crunch Impacting Industry

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Fenix Resources Ltd. warned that constraints to diesel supply due to the Iran war are starting to impact operations across Australia’s mining sector, forcing the iron ore miner to scale back some activities.The company is taking steps to reduce non-essential activity at its mining and haulage operations in Western Australia, according to a filing from Fenix, which also cited fuel supply disruptions posed by Tropical Cyclone Narelle currently churning off the coast. The miner’s shares declined 7%.