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Australia iron ore ports re-opening after cyclone

Wed, 02/27/2013 - 4:25pm
Reuters

SYDNEY (Reuters) - Major iron-ore export ports in northwestern Australia, which account for half the world's seaborne-traded iron ore, have reopened or are expected to restart operations later on Thursday after a powerful cyclone weakened after hitting land.

Port Hedland, used by BHP Billiton and Fortescue Metals to ship more than 20 million metric tons of iron ore a month, expects to reopen on Thursday after checks for damage, said a port official.

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