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...]

Port Hedland Iron Ore Hits Record High in September

  SYDNEY, Oct 2 (Reuters) - Australia's Port Hedland on Friday reported record monthly iron ore shipments of 39.3 million tonnes in September, an 8-percent rise from a year ago and slightly above the August level. Most of the ore is shipped each month to steel mills and ports in China, though figures on individual destinations were not released by the Pilbara Ports … [Read more...]

LNG Seen Overtaking Iron Ore as Australia’s Main Export Driver

By James Paton (Bloomberg) -- Liquefied natural gas will overtake iron ore as the main driver of Australia’s exports with annual shipments surging to more than A$50 billion ($37 billion) by 2020, according to Australia & New Zealand Banking Group Ltd. The contribution of LNG to Australia’s economic growth will surpass iron ore next year and peak at 0.75 percentage … [Read more...]

BHP Billiton and Rio Tinto Seen Pursuing Faulted Strategy

By Jasmine Ng (Bloomberg) -- The biggest iron ore producers including BHP Billiton Ltd. and Rio Tinto Group are pursuing a flawed strategy by flooding an oversupplied market and they should slow down expansion plans, according to the premier of Western Australia. “The signal’s going out to the market that there’s going to be ever-increasing amounts of iron ore available … [Read more...]