for what it is worth, but there was an article a few weeks ago in some paper, but it seems that fmg have cut their cash costs down to about $17/ton - which is approximately in line with what the costs are for rio and bhp.
there is no shortage of iron ore in western australia (quality might vary a bit) , the problem was more of logistics and being able to get port space.
price, as well as logistics seem to be a bit of a problem these days
