30
Jul
01:00
Vale surges back to profit, pummels costs, in Q2
Brazil’s Vale swung back to profit in the second quarter 2015, amidst a plethora of record performances and a cash cost which must be causing nightmares for iron ore mining juniors.
The most significant news to be gleaned from the results is that the miner’s fob cash cost in Q2 15, excluding royalties, fell by another $2.5 in Q2 15 to stand at $15.8/ton. In comparison, the Kallanish index for 62% Fe Australian fines stood at $54.46/dry metric ton…
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Anonymous
Very good overview of the weekly steel market.
Anonymous