EXPORTS – WESTERN AUSTRALIA

Liontown’s first shipment sets sale for China

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Original article by Chris Herde, Valerina Changarathil
The Australian – Page: 16 : 1-Oct-24

Liontown Resources has advised that the inaugural shipment of spodumene concentrate from its Kathleen Valley lithium project left the Port of Geraldton on Friday. The shipment comprised 11,855 wet metric tonnes of concentrate and is en route to China. Liontown has produced 28,000 WMT of concentrate since production at Kathleen Valley commenced several months ago. Liontown posted a loss of $64.9m for the 2023-24 financial year on Friday, following a loss of $22.2m in 2022-23.

CORPORATES
LIONTOWN RESOURCES LIMITED – ASX LTR

Rio beats weather, tops iron ore export record

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Original article by Peter Ker
The Australian Financial Review – Page: 17 : 21-Apr-23

Rio Tinto has advised that its flagship Pilbara operations produced 79.2 million tonnes of iron ore during the March quarter, which is 11 per cent higher than the same period in 2022. The resources group drew upon its stockpiled iron ore to increase its shipments by 16 per cent year-on-year to 82.54 million tonnes; this eclipsed Rio Tinto’s previous first-quarter record of 80.31 million tonnes, which was set in 2018. Rio Tinto will be on track to meet its full-year export guidance of 320-335 million tonnes if this rate of shipments is sustained for the rest of the year. The first quarter of a calendar year tends to be the weakest for Australian miners, as export volumes are often disrupted by adverse weather events.

CORPORATES
RIO TINTO LIMITED – ASX RIO

Iron ore miners win port export boost

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Original article by Peter Ker
The Australian Financial Review – Page: 1 & 22 : 2-Feb-22

Some 523 million tonnes of iron ore were shipped through Port Hedland in 2020-21. The Western Australian government has approved a development plan that could see the port’s iron ore export capacity increase to around 660 million tonnes a year. The government has advised that BHP, Fortescue Metals Group and Roy Hill are each likely to receive a 25 per cent increase in their port allocations. In addition, Hancock Prospecting and Mineral Resources have won the right to build a new berth at Port Hedland.

CORPORATES
BHP GROUP LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD, HANCOCK PROSPECTING PTY LTD, MINERAL RESOURCES LIMITED – ASX MIN

Shipping industry baulks at extra fees at Port Hedland for iron ore – Australia’s most important export

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Original article by Karen Michelmore
abc.net.au – Page: Online : 12-Jan-21

The Pilbara Ports Authority will introduce a $13,450 levy on all large iron ore shipments from Port Hedland, beginning on 1 March. The Western Australian government will use the levy to finance a buyback of up to 400 dust-affected homes in Port Hedland. The levy has been criticised by Shipping Australia CEO Melwyn Noronha, who says it is inappropriate for ship operators to be required to pay to address the dust problem. Ports Minister Alannah MacTiernan contends that similar levies have been used to recover costs in the past.

CORPORATES
PILBARA PORTS AUTHORITY, SHIPPING AUSTRALIA LIMITED, WESTERN AUSTRALIA. DEPT OF TRANSPORT

Fortescue rides iron ore boom

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Original article by Nick Evans
The Australian – Page: 13 & 16 : 14-Jul-20

Data from Port Hedland shows that its iron ore export volumes rose to a record 51.8 million in June, and 281 million tonnes in the year to date. This is six per cent higher than the same period in 2019, and Glynn Lawcock of UBS says Fortescue Metals Group may exceed its guidance of 175 to 177 million tonnes for 2019-20. He adds that the strength of the iron ore price and high shipping volumes could see Fortescue announce a final dividend of $0.98 per share, compared with the consensus forecast of $0.80.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, UBS HOLDINGS PTY LTD

Iron ore exporters flag $21b tax boost from port

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Original article by Brad Thompson
The Australian Financial Review – Page: 3 : 10-Jun-20

A report produced by ACIL Allen Consulting has assessed the economic contribution of the Port Hedland export hub. It estimates that the port and its supply chain injected some $54bn into the Western Australian economy in 2019 and supported one in every 12 jobs in the state. The report forecasts that iron ore production linked to Port Hedland will top 547.5 million tonnes in 2022-23, compared with 524.9 million tonnes in 2019-20. It also estimates that increasing shipments via Port Hedland would boost government revenue from taxes and royalties by $21bn over the next decade.

CORPORATES
ACIL ALLEN CONSULTING PTY LTD, PORT HEDLAND INDUSTRY COUNCIL, PILBARA PORTS AUTHORITY, BHP GROUP LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD

Price rises lift Port Hedland iron ore exports

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Original article by Nick Evans
The Australian – Page: Online : 9-Jun-20

Data from the Pilbara Ports Authority shows that iron ore shipments via Port Hedland rose by four per cent year-on-year in May, to 47.8 million tonnes. Australian iron ore producers benefited from a rally in the price of the steel input during May, amid a downturn in stockpiles at Chinese ports as steel mills resumed production. They will also benefit from a court-ordered closure of Vale’s Itabira mining hub due to a coronavirus outbreak. Vale has maintained its revised full-year production guidance of 310-330 million tonnes.

CORPORATES
PILBARA PORTS AUTHORITY, BHP GROUP LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD, ATLAS IRON LIMITED, MINERAL RESOURCES LIMITED – ASX MIN, VALE SA

FMG gives BHP nod at Port Hedland

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Original article by Peter Ker
The Australian Financial Review – Page: 20 : 4-May-20

BHP and Fortescue Metals Group are both seeking to increase their iron ore export capacity at Port Hedland, by 14 per cent and 20 per cent respectively. Fortescue CEO Elizabeth Gaines says Port Hedland would be able to cope with increased shipments, although she stresses that applying for extra capacity does not necessarily mean that the iron ore giants will increase production and export volumes. Gaines also expects demand for iron ore to remain strong in China, as the nation’s urbanisation program fuels continued growth in steel production.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP GROUP LIMITED – ASX BHP

Fortescue upbeat as cash rolls in

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Original article by Nick Evans
The Australian – Page: 16 : 1-May-20

Fortescue Metals Group has advised that it ended March with a net cash position for the first time since it commenced iron ore exports in 2008. It had a net cash position of $US100m, compared with net debt of $US2.9bn previously. Fortescue’s production report for the March quarter also shows that its shipments rose by 10 per cent to 42.3 million tonnes during the period. It now expects total shipments of up to 177 million for 2019-20; its previous guidance was for export volumes of up to 175 million tonnes.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG

BHP aims to lift Pilbara exports

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Original article by Nick Evans
The Australian – Page: 20 : 29-Apr-20

BHP’s iron ore export capacity at Port Hedland is currently 290 million tonnes per annum, but the resources group will seek approval to lift this by up to 40 million tonnes. This could increase BHP’s revenue from its Pilbara operations by around $5bn a year, based on the current iron ore price of around $US80 per tonne. Hayden Bairstow of Macquarie says BHP could increase its Pilbara exports to 300mtpa without the need for ‘material’ capital expenditure. Fortescue Metals Group has also flagged plans to increase its Pilbara export volumes.

CORPORATES
BHP GROUP LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO, MACQUARIE GROUP LIMITED – ASX MQG