Rio Says Storm Damage at Port to Impact Iron Ore Shipments

Rio Tinto Group, the world’s biggest iron ore exporter, warned shipments of the steelmaking material will be impacted this quarter after a tropical cyclone in Australia’s northwest damaged a port facility.

A railcar dumper at Dampier Port — used to empty iron ore cars transported by rail from mine to port for export — was flooded after the storm passed the coast this week, Rio said in a statement Friday. Initial indications suggested the dumper at East Intercourse Island could be offline for three to four weeks.