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Reuters
Reuters
Business

Australia's Fortescue expects cyclone to delay 1.5-2 million T of iron ore shipments

MELBOURNE (Reuters) - Australia's Fortescue, the world's No. 4 iron ore miner, on Monday said it expected 1.5 million to 2 million tonnes of shipments of the steelmaking material to be delayed after a cyclone hit the country's west coast over the weekend.

"The current estimate of this disruption to shipping is within the range of 1.5 to 2 million tonnes, on the assumption that the port reopens in the next 24 hours," a spokesman said in an emailed statement to Reuters.

"Once we have had an opportunity to fully assess the situation we will determine our ability to mitigate and offset this impact."

(Reporting by Melanie Burton; Editing by Joseph Radford)

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