Billionaire prospector Mark Creasy has agreed to sell iron ore aspirant CZR Resources to exporter Fenix Resources, marking the third West Australian iron ore buyout in the past month.
The entrepreneur turned to iron ore junior Fenix after an earlier $102 million deal to sell to Chinese-linked Miracle Iron Resources stumbled in front of the Foreign Investment Review Board.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
