Australia iron ore supply summary
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Report summary
Australia is the largest supplier of iron ore into the seaborne export market. Due to its large reserves, a robust iron ore industry has evolved that is dominated by three major producers; BHP Billiton, FMG and Rio Tinto.Australia's mining costs are the second lowest worldwide due to a combination of large scale operations that afford economies of scale, high grade material that requires little to no beneficiation, and owner-operated infrastructure. We estimate average Australian free-on-board (FOB) costs unadjusted for grade or moisture at US$21.64/tonne for 2017, marginally higher than in 2016 due to higher fuel prices and strip ratios edging up. Costs are expected to rise gradually over the next few years but will remain low with most internal cost cutting initiatives, sustainable. There will be further pressure on miners to cut costs this year with spot prices under pressure and large discounts on lower Fe grade ore characterising the current market.
What's included
This report contains
Table of contents
- Executive summary
- Location maps
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Key companies
- Attributable marketable production by company
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Geology
- Pilbara region
- Other Western Australia
- South Australia
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Quality
- Product Fe grade 2017
- Reserves and resources
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Production
- Marketable production by product type
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Infrastructure
- Port export capacity
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Costs
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Cash costs
- Value-in-use adjusted cost curve 2017 (CFR China)
- Capital costs
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Cash costs
- Margins
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Fiscal terms
- Fiscal terms
Tables and charts
This report includes 22 images and tables including:
Images
- Australia iron ore producing regions
- Raw Fe grade 2017
- Average operating margin (US$/tonne)
- Key companies: Image 1
- Seaborne export cash cost by operator 2017 (CFR China, 100% basis)
- Geology: Image 1
- Geology: Image 2
- Geology: Image 3
- Quality: Image 2
- Product impurities - alumina and silica 2017
- Production: Image 1
- Costed production by status
- Infrastructure: Image 1
- Pilbara
- Other Western Australia
- South Australia
- Capital costs
- Costs: Image 1
- Cash costs by key company
- Cash costs
Tables
- Attributable marketable reserves by company (at 01/01/2017)
- Fiscal terms: Table 1
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