the main constraint is the position of the iron ore relative to market, the cost of rail infrastructure to get it to market and the energy cost required to do so. mining iron ore is a high-volume, low-margin business, as the value of iron is significantly lower than base metals.
there are, however, many other iron ore mining companies with cash costs that far exceed us$60 per metric ton, and some companies have costs as high as us$120 per metric ton. large players dominate a few key players, both on the demand side and the
as a result, a number of high-cost iron ore mines have been closed and suspended throughout the world in 2014, with up to 30% of low-grade iron mines shut down in china in 2014 alone.
iron ore is getting slammed. over two months the commodity has fallen almost 25%. overnight, iron ore was $48.06 per tonne a far cry from the more than $100 it was fetching early last year.
bhp billiton organized a site tour of its western australia iron ore operations this week, providing valuable information about its production costs: source: bhp billiton site tour presentation, september 27 2011 observations: bhp positions itself in the cost curve around $39/t cif. average iron ore price for the year ended june 2011 was $163/t, resulting…
18 reser a ustralia graph b1 box b iron ore and coal cost curves global cost curves for iron ore and coal provide an indication of the profitability of production at different price levels, which has implications for the future supply of these bulk commodities.
capital costs are typically a mining companys biggest expense and an eye-watering one. on top of that, companies must pay labor costs, interest payments and environmental cleanup assuming the country has and enforces environmental regulations .
objectives in order to obtain a better understanding of the key drivers influencing the china iron ore mining industry and associated costs, client seeks to conduct a large scale mine survey with an external consultant process methodology geographic
iron ore industry is a huge industry. you first need to start with sourcing your supplies and investors. a huge project like this needs lots of helps from various established companies. there are lot of iron ore suppliers and companies from austra
the decline in the price of iron ore over the past two weeks turned into a rout on thursday as worries about new supply combined with fears that chinese steel production may have peaked. the steel index benchmark price for northern china 62% fe ore sank by 7.4% to trade at $63.00 a tonne on thursday
there are, however, many other iron ore mining companies with cash costs that far exceed us$60 per metric ton, and some companies have costs as high as us$120 per metric ton.
bhp positions itself in the cost curve around $39/t cif. average iron ore price for the year ended june 2011 was $163/t, resulting in a 76% operating margin. implications: combining the data from the two charts above, bhps breakdown of total iron ore costs of $39/t cif china are as follows: us$9.4/t contractors
iron ore is getting slammed. over two months the commodity has fallen almost 25%. overnight, iron ore was $48.06 per tonne a far cry from the more than $100 it was fetching early last year. in what looks like the first casualty of the crashing commodity price, atlas iron on tuesday opted to
mine 'n' refine. ore by itself is generally useless for anything but certain requests, and sells for very little at a shop. once you've finished a mining run, carry your haul to gus and pay him to refine it, which will transform your ore into much more useful metals and jewels.