Country Report
Global iron ore cost summary
Report summary
Average seaborne cash costs in 2020 fell to US$29/tonne, compared to US$31/tonne in 2019 and global C1 operating costs were 9% lower than last year. The lower costs were a direct result of plummeting fuel prices in the first half of the year and lower exchange rates which were enough to offset additional costs associated with operating in a COVID-19 environment. We don't expect costs to rise much going forward as productivity and efficiency gains from automation continue to keep costs low.
Table of contents
- Vale
- Rio Tinto
- BHP Billiton
- Fortescue
-
Operating costs
- Delivered costs
- Capital costs
Tables and charts
This report includes 24 images and tables including:
- 2020 Global total cash cost curve (US$/tonne) FOB / ex mine
- Average total cash cost 2009-2030 (US$/tonne, nominal to 2020 and real thereafter)
- Capital Expenditure by project category (nominal to 2020 and real thereafter)
- 2020 Global operating margin curve (US$/tonne)
- Australia
- Brazil
- Cameroon
- Canada
- Chile
- China
- Guinea
- India
- Kazakhstan
- Liberia
- Mauritania
- Peru
- Republic of Congo
- Russia
- Sierra Leone
- South Africa
- Sweden
- Ukraine
- United States
- Delivered contestable iron ore cash costs, CFR North China 2020 US$/dmt 62% Fe fines equivalent
What's included
This report contains:
Other reports you may be interested in
Insight
Value-in-use iron ore costs Q1 2024
Q1 2024 iron ore value-in-use adjusted costs are up 2.2% compared to last quarter and margins are decreasing due to lower prices.
$5,000
Commodity Market Report
Global iron ore strategic planning outlook – Q1 2024
Iron ore price set to ease as Chinese demand declines gradually
$10,000
Asset Report
Middleback Ranges iron ore mine
Following government approval, Middleback Ranges expanded to new pits in the South Middleback Ranges area to support the tons.
$2,250
