CuFe (ASX:CUF) has announced the restart of mining operations at its JWD iron ore mine following an improvement in iron ore prices, with product expected to be ready for haulage to port by the end of the month.
CuFe says its initiated a hedge book to cover future sales and has drawn a US$2M prepayment facility with their JWD offtaker Glencore to assist in funding working capital associated with the ramp up of activity.
CuFe holds a 60% interest in the JWD Project via its subsidiary Wiluna Fe, and the registered office is located in West Leederville, Western Australia.
Its share price is up around 22% in late trade.