Iron-Ore Shipments From Australia's Port Hedland Decline
04 November 2015 - 3:38PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--Iron-ore exports from Australia's Port Hedland fell by
7.3% on-month in October, according to the latest data from the
local port authority.
Cargoes of iron ore leaving Port Hedland, the world's largest
iron-ore shipping hub, totaled 36.5 million metric tons last month,
versus 39.4 million in September, Pilbara Ports Authority said in a
monthly report. Shipments destined for China fell to 30.7 million
tons from the prior month's 33.8 million, it said.
Mining companies including BHP Billiton Ltd. (BHP.AU),
Australia's No. 2 iron-ore miner, Fortescue Metals Group Ltd.
(FMG.AU) and Atlas Iron Ltd. (AGO.AU) use Port Hedland. The port is
located in Australia's remote northwest Pilbara region, which
supplies more than half of all the world's iron ore traded by
sea.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 03, 2015 23:23 ET (04:23 GMT)
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