BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)

dlandwPERTH: A powerful tropical cyclone which pounded Australia's leading iron ore region at the weekend appears to have passed without causing any serious damage and shipping operations have already resumed in the area.

Port Hedland, the region's largest iron ore terminal, closed the anchorage for 66 hours and the port for a total of 52 hours due to Tropical Cyclone Lua, which crossed the coast some 100 kms (60 miles) north in a sparsely populated area on Saturday afternoon.

"It's amazing. By early today (Sunday) we had been in contact with all the towns, communities and the mining operations in the regions affected by the cyclone and everyone is okay," Fire and Emergency Service manager Les Hayter told reporters.

"There has been no damage to major infrastructure and no injuries reported due to the cyclone," he said.

"I have to pinch myself. It's as if a category 1 cyclone passed through here, not a category 4." Category 4 is the second most powerful cyclone on the Australian scale.

"All the cyclone planning and preparation is really paying off and of course there's been an element of luck. There are reports of tree damage in Port Hedland, which is amazing considering the town was hit by winds of 150-180 kilometres an hour."

The Port Hedland Port Authority said in a statement t it was reopening both the anchorage and port.

Australia's second- and third-biggest iron ore miners, BHP Billiton and Fortescue Metals Group, both export through Port Hedland.

The weather bureau on Sunday downgraded the cyclone which hit land with wind speeds of up to 270 kms an hour, to a severe weather warning for the inland northern goldfields region. Wind speeds of up to 100 kms an hour and heavy rain were still expected, the bureau said.

Supply concerns because of the cyclone along with recent gains in Chinese steel prices helped spur iron ore prices to the highest in nearly four months on Friday.

Cyclones regularly strike during Australia's summer and often force offshore oil and gas platforms to suspend operations.

Copyright Reuters, 2012

Comments

Comments are closed for this article.