CAPITAL MARKETS

Port Hedland exports still rising

PORT Hedland's iron ore exports rose through March as the spot price continued to plummet.

Andrew Duffy
Port Hedland exports still rising

New data from the Pilbara Ports Authority showed iron ore exports for the key terminal totalled 36.6 million tonnes last month, an increase of 2.1Mt or 6% on the same time last year.

Total throughput was up 1.9Mt or 5% to 37.1Mt.

The figures came as the 62% spot price fell further to $US47.08 ($A61.36) a tonne, with the 58% price slipping to $40.57/t.

Port Hedland is the main export terminal for BHP Billiton, Fortescue Metals Group and a host of smaller miners.

It’s also the main port for Atlas Iron, which went into a trading halt today after falling prices forced it to undertake a company-wide review.

Elsewhere in the Pilbara, the Port of Dampier delivered March monthly throughput of 13.1Mt, a decrease of 1.5Mt or 11% from the previous year.

Imports totalled 64,000t, an increase of 20,000t or 45% from the same month in 2014.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.