Ferrex (LON:FRX) CEO Dave Reeves discusses the AIM listed the firm’s acquisition of Australian private company Chaffers Mining.
The deal, according to Reeves, will enable Ferrex to commence production and cash generation with only working capital expenditure in Q2 2016.
"It’s rare to find an opportunity which can deliver production in under six months from acquisition and therefore I am personally very excited about this project,” he says.