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Australia's Port Hedland to shut down due to cyclone threat

Mon, 01/21/2013 - 7:25pm
Reuters

SYDNEY (Reuters) - Australia's Port Hedland, a major terminal for iron ore exports, will shut down operations on Tuesday due to a tropical storm threatening the country's far west coastline.

Port Hedland is used by BHP Billiton, Fortescue Metals Group and Atlas Iron to ship ore, currently at a rate of around 200 million tons per year, accounting for a fifth of global seaborne trade in the steel-making raw material.

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