SYDNEY/PERTH - A tropical cyclone bearing down on west Australia forced the closure of some of the world's largest iron ore ports and several offshore oil fields on Wednesday, the first major series of shutdowns in what is forecast to be a tempestuous summer.
Ports serving the enormous iron ore mines of northwest Australia began closing on Tuesday night as Cyclone Heidi, packing winds of more than 100 kph (60 mph), swept across the Indian Ocean toward a stretch of coast where nearly two-thirds of the world's seaborne-traded iron-ore is handled. Read more here...
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