A magnitude 7.9 earthquake struck the Philippines region at 7:37 a.m. on June 8, according to China's Earthquake Networks Center, which officially measured the quake at 5.55 degrees north latitude and 125.10 degrees east longitude, with a depth of 40 kilometers.
According to Mysteel survey, two mines, Arc and Hallmark, located approximately 250 kilometers from the epicenter have a combined monthly shipment volume of around 200,000 tonnes. Additionally, China's National Marine Environmental Forecasting Center's tsunami warning center determined based on preliminary seismic parameters that the quake could trigger a large-scale tsunami near the epicenter. Mines near Mindanao have suspended loading operations pending the lifting of the tsunami alert, which is expected to affect shipping efficiency in surrounding sea areas.
Written by Cora Ji, jiruyan@mysteel.com
