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 by Staff Writers Sydney (AFP) April 1, 2019
The world's biggest miner BHP said Tuesday it was ramping up its Western Australia operations following a tropical cyclone that hit iron ore output levels. The Anglo-Australian mining firm said Tropical Cyclone Veronica, which stuck the region last month, had so far cut production by approximately six to eight million tonnes. There was "no major damage" to the port and rail operations in the mining centre of Port Hedland, but isolated flooding had limited train movements. "Consequently, the port is currently operating at reduced rates and not expected to return to full capacity until later this month," the company said in a statement. BHP said it was reviewing its production and unit cost guidance for the 2019 financial year. Mining giant Rio Tinto said Monday its iron ore production from the region had also been curtailed and this year's total output was now expected to be between around 338 and 350 million tonnes. Iron ore prices have been on the rise of late, as Brazilian miner Vale trimmed production estimates and amid concerns about the impact of Cyclone Veronica. grk/dm/jah
US, Chinese trade negotiators face 'large amount of work' Beijing (AFP) March 28, 2019 Beijing said Thursday US and Chinese negotiators still face a "large amount of work" as they meet for fresh talks aimed at resolving a months-long trade war. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin arrived for two days of meetings in Beijing with China's top economic official Liu He, the first since China put into law new measures seen as an olive branch in their high-stakes stand-off. While US President Donald Trump has voiced hope that he could soon hold ... read more
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