FMG 1.56% $18.97 fortescue ltd

Iron ore price, page-49474

  1. 204 Posts.
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    Tend to agree that IO material and equipment is about as robust as you get and the mines themselves will just get a bit wet as the storm will rapidly dissipate inland. However, if it maintains it's course and intensifies as a strong CAT5 then the effect on Port Hedland is not as assured.

    Remember this thing will be pushing a 5-7m high wall of water in front of it - if it comes in at around 3-4am tomorrow morning that coincides perfectly with a forecast very high tide - so low lying areas are going to get inundated

    Additionally while the ore, loaders and carriers might not get blown away in the 200kmph winds gusts, all the workers accommodation and admin facilities might not fair quite as well.
 
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