24
Feb
00:00
BHP aims for unit iron ore cost target of below $20/tonne ahead of schedule
BHP Billiton (BHPB) says that it is well placed to achieve its target reduction in unit iron ore cash cost to below $20/tonne ahead of schedule. This was revealed in the Australian miner’s 2015 half-year results monitored by Kallanish.
The company’s West Australian Iron Ore (WAIO) segment reduced its unit cash costs by -29% to $20.35/t in H1 15. The operation benefited from economies of scale, a reduction in overhead, contractor costs, labour and…
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Anonymous
Very good overview of the weekly steel market.
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