Australian mining stocks are suffering today, following the shut down of some key iron ore export terminals and offshore oilfields as Cyclone Narelle nears the country's north-west.
The broader share market is also coming under pressure - the All Ordinaries index was down 5 points to 4,740 just before midday (AEDT), and the ASX 200 was 7 points lower at 4,716.
Fortescue Metals was down just under 2 per cent, BHP Billiton had fallen 1.5 per cent, and Rio Tinto was also 1.5 per cent lower.
Woodside Petroleum was down 4 cents to $34.69.
Shares in online job advertisements firm Seek were up almost 2.5 per cent, as the company increased its majority stake in a Chinese employment classifieds firm.
Department stores were mixed - Myer was up 1.8 per cent and David Jones was down 1.3 per cent.
Commonwealth Bank shares had fallen 4 cents to $61.57, Westpac was down just a cent, ANZ was up 11 cents to $25.26 and NAB was 0.4 per cent higher.
The Australian dollar was buying 105.84 US cents, after rising strongly yesterday afternoon.
