BHP cuts production forecasts on the tail of Veronica

Tropical Cyclone Veronica is expected to cost major BHP between six-million to eight-million tonnes of iron-ore production, the miner warned on Tuesday.

The company noted that port and rail operations at Port Hedland were ramping up after being suspended due to Tropical Cyclone Veronica, and while no major damage has been reported, isolated flooding has occurred both on site and on sections of the rail leading into the port.