Over the next 18 months, the Mexican port of Guaymas will increase iron ore traffic exported from the US state of New Mexico to Australia by 800,000 tonnes. Consignments of around 60,000 tonnes will be brought in by rail in wagons operated by Union Pacific and Ferromex. This is part of a long-term agreement with Glencore international, which notes that Guaymas offers better economies of scale and more attractive costs than alternative outlets in the US, none of which offers the same deep draught facilities.
BC