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-0.00429326287978861 -0.00429326287978861 -0.00429326287978861 -0.00429326287978861 -0.00429326287978861 0.0181638044914135 0.0175033025099076 0.0158520475561427
Stock impact report

Major Australian Iron Ore Ports Reopen as Cyclone Risk Falls [Yahoo! Finance Canada]

FORTESCUE METAL GRP S/ADR (FSUGY) 
NASDAQ:AMEX Investor Relations: fmgl.com.au/investors
Most Read from Bloomberg The ports handle the bulk of Australia's iron ore exports, from major miners including BHP Group, Rio Tinto Group, and Fortescue Ltd., as well as liquefied natural gas cargoes from Woodside Energy Group Ltd. and Chevron Corp. Mitchell has weakened from a category 3 strength to category 1 and will maintain intensity until it crosses the Gascoyne Coast later on Monday, before it moves inland to the southeast and quickly weakens, the Bureau of Meteorology said in an advisory Monday. A flood watch has been issued for the Gascoyne and southern Pilbara coastal regions. Western Australia is a key center for iron ore production and exports, and also hosts significant LNG facilities. This is the first significant Australian cyclone this season, which typically runs from November to April. Last year, an increased number of severe storms impacted ports and reduced the volume of iron ore exported from the region for months. (Updates with status of port closures.) Show less Read more
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