trending Market Intelligence /marketintelligence/en/news-insights/trending/p308QRacE0ChMpBw2Jolcw2 content esgSubNav
In This List

Centrex Metals selling out of iron ore in transition to fertilizer

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


Centrex Metals selling out of iron ore in transition to fertilizer

Centrex Metals Ltd. agreed to sell its Port Spencer land holding for A$1.4 million to FREE Eyre Ltd., a local rural investment business.

The company expects to close the deal in late February 2019.

The sale will complete Centrex's exit from its iron ore interests and its transition to a fertilizer business.

The proceeds will provide additional funds to support the ongoing development of the company's flagship Ardmore phosphate rock project in Queensland, which is nearing production.

In October, the company signed its first contract with a major fertilizer manufacturer for a 5,000 wet tonne trial shipment of phosphate rock concentrate.