Australia's Port Hedland merges with Port Dampier under enlarged group

Thursday, 03 July 2014 11:42:59 (GMT+3)   |   Istanbul
       

The authority which oversees Port Hedland, which is the world's biggest bulk-export port, merged with nearby Dampier Port Authority in Australia's energy and iron ore-producing northwest, according to a statement released by the Pilbara Ports Authority.

Pilbara Ports Authority stretches from the Port of Ashburton near Onslow in the south to Port Hedland in the north and includes the proposed Ports of Anketell and Cape Preston East. The authority is responsible for the overall planning and development of the combined port lands.

According to Bloomberg, the new authority covers ports that handle about 22 percent of the world's iron ore market and 10 percent of the liquefied natural gas export market. Port Hedland iron ore shipments climbed to a record in May as miners including BHP Billiton (BHP) expanded output in the Pilbara region of Western Australia. Dampier, used by Rio Tinto Group to export iron ore, has a board of management that reports to the Western Australian transport minister. Port Hedland Port Authority's board of directors is also accountable to the transport minister.


Similar articles

Daily iron ore prices CFR China - March 29, 2024

29 Mar | Scrap & Raw Materials

Major steel and raw material futures prices in China - March 29, 2024

29 Mar | Longs and Billet

Iron ore prices drop by over $9/mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet