Just read this in the Australian Elizabeth Gaines, chief...

Just read this in the Australian

Elizabeth Gaines, chief executive of iron ore miner Fortescue Metals Group, one of Australia’s largest exporters to China, said the coronavirus was “an evolving situation”.

She said the situation had yet to affect any physical shipments of iron ore from Australia to China.

“The coronavirus brings some uncertainty to the market. However, at this stage it is only impacting sentiment rather than the physical trade of iron ore,” she said.

“Our scheduled shipments are operating as anticipated and we continue to work closely with our customers.”

But she said the company was “continuing to monitor health alerts”.

“The health and safety of our people is our highest priority,” she said.

“We have given travel advice to our teams in China consistent with the Chinese Centre for Disease Control and Prevention and our Australia-China travel guidelines align with the Department of Foreign Affairs and Trade restrictions.”