Storm in Australia has raised the prices of iron ore

January 23, 2013. In the north-west coast of Australia is raging tropical storm, which leads to the huge ports used by Rio Tinto and BHP Billiton, may not work. The region produces almost half the world's iron ore.

Port Hedland was closed on Tuesday night, he used BHP Billiton, Fortescue Metals Group and Atlas Iron to supply goods with iron ore. This year, as expected, the volume of transshipment of goods will be 200 million tons, accounting for one-fifth of the world's trade is conducted by sea transport in the segment of the steelmaking raw material.

Rio Tinto, which ships more than 200 million tons Iron ore through the port of Dampier and Cape Lambert, also ceased all operations.

Iron ore prices rose after there were fears that the season of storms Australia, which lasts from November to April, will lead to a reduction in supply.

Most of the iron ore mined in Australia, bought by Chinese steel mills, as well as major buyers and factories in Japan and South Korea.

Source: Maintain Finance

 

North-west of Australia is preparing to meet with a storm

January 22, 2013. In the north-west coast of Australia huge trading ports, which brought the extracted iron ore transport, failed to work in conditions approaching tropical storm, which led to a halt almost half of global processes associated with the implementation of the ore.

Port-Hedland, the dump and the ports of Cape Lambert will have to interrupt the working day due to the disaster, which came from the Indian Ocean. Scores of ships bound for the shipment of mined mineral, will have to look more safe harbor. If one considers the fact that out of the Port Hedland year sent more than 200 million tons of ore (1/5 of world steel raw materials), even a one-day delay could have a negative impact on the welfare of global maritime trade. Closure of the port provided at 19 pm local time. The same decision was made in respect of Rio Tinto and Port Walcott.

As of 6 am rain storm located 130 km north-east of Port-Hedland, and was moving west at a speed of 11 km / h Soon the cyclone reaches the 1st category, which will increase the possibility of wind gusts force to 100 km / h And it's dangerous for ships at sea. For safety while staying storm closed mined deposits of oil and gas.

The area of sea between Port Hedland and dump has long been known to seamen as "cyclone alley" because of the rainy season from November to April in this part of the Australian coastal space for not less than a dozen cyclones of varying strength. In this period of time the work of the western ports Australia suffers greatly because of the manifestations of the weather.

Source: EcoWars.tv

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