Macquarie counts cost of Veronica

MACQUARIE has cut its iron ore shipment forecasts for BHP, Rio Tinto and Fortescue Metals Group by a combined 11 million tonnes, following Cyclone Veronica.

Macquarie counts cost of Veronica Macquarie counts cost of Veronica Macquarie counts cost of Veronica Macquarie counts cost of Veronica Macquarie counts cost of Veronica

Iron ore stockpiles at FMG's Herb Elliott port at Port Hedland

Port Hedland and Dampier ports were closed for 92.5 hours and 132 hours, respectively, as Veronica passed over the Pilbara over the weekend.