Gina Rinehart News

Cyclone Ilsa Hits Australia's Northwest, Misses Iron Ore Export Hub

A tropical cyclone smashed into Australia's northwest coast as a category 5 storm, setting new wind speed records, but has largely spared populated regions including the world's largest iron ore export hub at Port Hedland, authorities said on Friday. Cyclone Ilsa made landfall early Friday morning with the highest intensity rating on a 1-to 5 scale and then moved inland as emergency crews urged several remote communities along the storm's path to seek shelter and remain indoors."Port Hedland ... escaped the brunt of the cyclone at this stage.

World's Largest Iron Ore Export Hub Braces for Strongest Cyclone in a Decade

Australia's northwest region, home to the world's largest export hub for iron ore, could be hit by the most powerful tropical cyclone there in a decade as ports cleared ships and residents rushed to stock up on essential supplies. Cyclone Ilsa, located about 300 km (186 miles) off Australia's coast in the Indian Ocean, is expected to make landfall as early as Thursday night as a category four storm - one rung below strongest category five - packing winds of up to 275 km per hour, the Bureau of Meteorology said.

Iron Ore Shipments from Australia's Port Hedland to China Rise 16%

Iron ore shipments to China from Australia's Port Hedland rose by 16% in December from a month earlier, despite a short weather-related shutdown, the Pilbara Ports Authority said on Friday. Iron ore exports to China rose to 40.0 million tonnes from 34.44 million tonnes in November, data from the authority showed. Total iron ore exports from Port Hedland rose to 46.5 million tonnes from 41.61 million tonnes in November. Strong shipments from the world's largest iron ore export…

Port Hedland Iron Ore Shipments to China Up 10.6%

Australia's shipments of iron ore to China from the world's top export hub of Port Hedland jumped to 38.7 mln tonnes in April, data from the port authority showed on Friday.Shipments were up by 10.6% from a year earlier, although they shrank by 4.2% from March's figure of 40.43 million tonnes, the data showed.

BHP to Expand Iron Ore Exports from Port Hedland

Miner BHP Group said on Tuesday it plans to expand its iron ore export capacity from Port Hedland, the largest global shipping hub for the steel-making commodity, by up to 40 million tonnes a year to 330 million tonnes a year.The move comes as improvements across BHP’s supply chain have opened the way to raise shipments if market conditions allow, Tim Day, BHP’s Acting Asset President Western Australia Iron Ore, said in a statement.The company has begun community consultation…

Port Hedland Sept Iron Ore liftings to China Dip

Iron ore shipments to China from Australia's Port Hedland terminal, the world's biggest iron ore port, fell more than 5% in September from a month earlier, port data showed on Tuesday.Shipments to China totalled 36.05 million tonnes in September, down from 38.14 million tonnes in August, the Pilbara Ports Authority said.Overall iron ore shipments totalled 41.97 million tonnes in September, down more 7% from 45.43 million tonnes in August.Port Hedland is used by three of Australia's top four iron ore miners: BHP Group, Fortescue Metals Group and Gina Rinehart's Roy Hill.Reporting by Colin Packh

Port Hedland Iron Ore Shipments to China Dip

Iron ore shipments to China from Australia's Port Hedland terminal fell more than 8 percent in March from a month earlier, port data released on Friday showed.Iron ore shipments to China from the world's biggest iron ore port totaled 30.7 million tonnes in March, compared with February's 33.5 million metric tons, the Pilbara Ports Authority said.Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton, Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.Shipments were affected by tropical cyclone Veronica, which hit Western Australia in late March.

Port Hedland Iron Ore Shipments to China on the Rise

Iron ore shipments to China from Australia's Port Hedland terminal rose 5.3 percent in September from a month earlier, port data released on Wednesday showed.Iron ore shipments to China from the world's biggest iron ore port totaled 37.4 million tonnes in September, up from August's 35.5 million metric tons, according to the Pilbara Ports Authority.Total September iron ore shipments from the port totaled 43.5 million metric tons, up from 42.4 million metric tons in August.Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton, Fortescue Metals Group and Gina Rineha

Port Hedland Iron Ore Shipments to China Jump

Iron ore shipments to China from Australia's Port Hedland terminal rose nearly 10 percent in August from a month earlier, port data released on Monday showed.Iron ore shipments to China from the world's biggest iron ore port totalled 35.5 million tonnes in August, up from July's 32.4 million tonnes, according to the Pilbara Ports Authority.Total August iron ore shipments from the port totalled 42.4 million tonnes, higher than the 40.7 million tonnes shipped a month prior, but 1 pct lower than August 2017.Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton , Fort

Port Hedland Iron Ore Shipments to China Climb in June

Iron ore shipments to China from Australia's Port Hedland terminal rose 7 percent to 39.69 million tonnes in June from a month earlier, port data released on Tuesday showed.Total June iron ore shipments from the world's biggest export terminal for the steelmaking raw material totalled 47.29 million tonnes, compared with 44.97 million tonnes in May, according to the Pilbara Ports Authority.Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton , Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.Rio Tinto uses the nearby Dampier and Cape Lambert ports to

Port Hedland Iron Ore Shipments to China Rise 2.4% in May

Iron ore shipments to China from Australia's Port Hedland terminal in May rose 2.4 percent from a month earlier to 37 million tonnes, port data released on Monday showed.Iron ore shipments to China in April stood at 36.1 million tonnes.Overall iron ore shipments from the world's biggest export terminal rose to 45 million tonnes in May from 42.6 million tonnes in the previous month, the Pilbara Ports Authority said.Port Hedland is used by three of Australia's top four iron ore miners - BHP Billiton , Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.(Reporting by Tom Westbrook; Edi

Port Hedland Iron Ore Exports to China Fell 10% in February

Iron ore shipments to China from Australia's Port Hedland terminal fell nearly 10 percent in February to 31.3 million tonnes, down from 34.7 million tonnes a month earlier, port data released on Thursday showed. Overall August iron ore shipments from the world's biggest export terminal for the steelmaking raw material fell to 38.5 million tonnes in February from 41.1 million tonnes in January, according to the Pilbara Ports Authority. Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton , Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.

Port Hedland May Clear Ships as Storm Builds off Australia

Giant iron ore port may close as Australian storm builds. Vessels may be cleared from Australia's Port Hedland, the world's biggest iron ore export terminal, as early as Thursday as a safety precaution because of a tropical storm, port manager Pilbara Ports Authority said on Wednesday. The authority said Port Hedland may start clearing vessels on Thursday morning if the tropical low builds overnight into a cyclone off the Western Australia coastline. Port Hedland is used by three of Australia's top four iron ore miners - BHP,, Fortescue Metals Group and Gina Rinehart's Hancock Prospecting. A significant risk remains that it might become a severe tropical cyclone early on Friday…

Port Hedland June Iron Ore Exports to China Rise to Record

Record iron ore shipments to China moved through Australia's Port Hedland terminal in June, as major producers BHP Billiton and Fortescue Metals operated close to full capacity and inventories at Chinese ports swelled. Most of the ore both companies mine is sent to China, where higher-grade imports are displacing lower quality domestic ore in Chinese steel mills. Shipments to China from the Indian Ocean port increased to 34.5 million tonnes in June from 31.7 million tonnes in May, topping the previous record of 33.9 million tonnes in March, according to the Pilbara Ports Authority.

Australia Approves Adani's $16 bln Carmichael Coal Project

The Australian government on Monday approved Indian firm Adani Mining Pty Ltd's controversial A$16.5 billion ($15.5 billion) Carmichael coal and rail project in Queensland, subject to strict conditions to protect groundwater. The Carmichael mine, which could become Australia's largest coal mine at 60 million tonnes a year, has sparked protests from green groups and marine tour operators worried about carbon pollution and export of the coal from a port near the Great Barrier Reef. Greenpeace said the conditions imposed on the project would do little to protect the environment from the bigger impact of shipping through the World Heritage-listed reef and burning the huge amounts of coal the mine will produce.

Banks Won't Fund Coal Port Expansion near Reef

Germany's largest bank, Deutsche Bank AG, has declared it will not finance a controversial coal port expansion in Australia near the Great Barrier Reef, responding to calls from environmental groups and tourism operators. HSBC, Europe's biggest bank, also signalled on Friday it would be unlikely to finance the project. Deutsche Bank's stand marks a win for those opposed to $26 billion worth of coal projects that plan to use the Abbot Point port, already facing delays due to weak coal prices. But one company involved said the bank's position made no difference. "This doesn't impact our proposed projects in any way," Indian firm GVK Hancock spokesman Josh Euler said.