Australia's Hawsons Iron climbs most in over 2 months on MoU with Flinders Ports

Hawsons Iron

16/06/2022 04:10

** Shares of Hawsons Iron  HIO.AX  climb as much as 27.3% to
A$0.490, their biggest intraday pct gain in more than two months
    ** The iron ore producer says it has signed an MoU with
Flinders Ports for design and construction of Myponie Point Port
in South Australia  urn:newsml:reuters.com:*:nFWN2Y20SY
    ** Says under MoU, both parties will also co-operate for
export of 20 million tonnes per annum of magnetite concentrate 
    ** Adds that the Myponie Port is expected to be ready to
start exporting 70% Fe Hawsons Supergrade magnetite concentrate
by H2 2024 
    ** Stock has more than doubled this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))