Cyclone update: Cyclone Narelle stops fifth of world iron ore trade
A severe tropical cyclone off Australia’s northwest coast that has shut ports handling a fifth of the world’s globally traded iron ore and cut supplies of natural gas and oil intensified on Friday.
Narelle is the first cyclone of the 2012-13 season.
* Storm intensifying but unlikely to hit iron ore mines
* Apache Energy halts output from two fields
* Port Hedland still operating