Fenix Resources, an iron ore and other minerals exploration company, agreed to acquire Mid-West iron ore and port assets from Mount Gibson, an iron ore producer. Financial terms were not disclosed. “Mount Gibson is pleased to have found a logical buyer who can make best use of the significant infrastructure position we have established over 20 years of operations in the Mid-West. Fenix is a successful miner and logistics provider in the Mid-West and we look forward to supporting Fenix as a large shareholder and continuing to participate in the successful development and operation of its integrated mining and logistics bulk commodity business,” Peter Kerr, Mount Gibson CEO.