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

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.