Column: China’s current iron ore strength may be as good as it gets for 2023
The risks to the bullish drivers of the spot iron ore price are rising as the market starts to question the nature and strength of China's economic recovery.
The world’s largest miner BHP Group has suspended its Western Australian iron ore operations for a day after a worker was struck by a train at its Port Hedland iron ore facility, it said on Wednesday.
“It is with deep sadness that we confirm a member of BHP’s WA team was fatally injured in an incident at our rail yard in Port Hedland last night,” Brandon Craig, BHP’s group president for Western Australia iron ore, said in a statement.
“As a result of this incident, we have suspended WA Iron Ore operations for 24 hours.”
Western Australia police have showed up on the site and BHP has informed safety regulators of the incident as it begins its own investigation, the company said.
(By Melanie Burton; Editing by Christian Schmollinger)