Rio Tinto Cuts Iron Ore Guidance After Cyclone Hits Shipments

April 16 (Reuters) - Anglo-Australian miner Rio Tinto Ltd on Tuesday reported a 14 percent drop in quarterly iron ore shipments and cut its 2019 shipments estimate on disruption caused by a tropical cyclone that hit its export terminal in Western Australia last month. Rio, the world's No. 2 miner of the steelmaking material, cut its annual iron ore shipments estimate to a … [Read more...]

World’s Largest Iron Ore Port Expects Higher Exports Post Vale

By Krystal Chia (Bloomberg) -- With a market facing a global deficit that was unforeseen at the start of the year, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue Metals Group Ltd. and rivals bring on new mines in Australia’s remote Pilbara region. The projected shortfall comes in the wake of Vale SA’s January dam … [Read more...]

Australia Clears Iron Ore Ports as Cyclone Approaches

MELBOURNE, March 21 (Reuters) - The operator of Australia's key iron ore exporting ports said it was clearing ships from the sites as a severe tropical cyclone heads towards the northwestern coast, while miners were also bracing for a separate cyclone in the northeast. The northwestern ports of Port Hedland, Dampier and Ashburton were beginning to clear anchorages and … [Read more...]

Derailed Train Expected to Impact Australian Iron Ore Exports

By Melanie Burton MELBOURNE, Nov 7 (Reuters) - Mining giant BHP Billiton expects some interruption to its Australian iron ore exports after a nearly 3-km-long train loaded with the commodity was forcibly derailed this week after running away en route to a key shipping hub. BHP said in a statement on Wednesday that its reserves of the steelmaking ingredient at the Port … [Read more...]

Port Hedland Iron Ore Exports to China Hit Record

SYDNEY, Jan 6 (Reuters) - December iron ore shipments to China from Australia's Port Hedland terminal hit a record 37.4 million tonnes in December, boosted as users such as BHP Billiton and Fortescue Metals Group ramped up production. Overall shipments from the world's biggest iron ore export terminal also climbed to a record 43.9 million tonnes last month, according to the … [Read more...]