Who will be the first to benefit when ore turns, page-52

  1. 30,964 Posts.
    So much rubbish posted here about BHP and Rio.

    Current shipping should be 240Mt for FY 2015
    Can expand to 290Mt by end of 2017 for relatively low cost (about $30 a tonne increase capital intensity which is low)
    Need to spend about $5 a tonne over the next 5 years on sustaining capital.

    Current cash costs are less that $30 a tonne (excluding freight and royalties), and they are aiming to drive this to $20 a tonne in the 'medium term'.

    As for their orebody grades and reserves, well they are simply outstanding.
 
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