Country report
| |
16 Pages

Global iron ore supply summary

Global iron ore supply summary

Report summary

Weak demand growth and plummeting iron ore prices means cost reduction, project deferrals, and excess supply are key themes for 2015. Global average cash costs are estimated at US$33/tonne for 2015, a 19% drop from last year. Direct cost cutting measures, favourable currency movements, increased low cost supply and closure of high cost mines are behind the fall.

What's included?

This report includes 1 file(s)

  • Global iron ore supply summary PDF - 420.20 KB 16 Pages, 19 Tables, 7 Figures


This Iron Ore Supply Summary report details key producers, production levels, costs and margins for iron ore assets in this country. It also analyses industry trends and themes, giving insight into future cost direction.

Industry participants, advisers and financial institutions can use this report to understand key country data in order to identify operational efficiency and competitive drives, as well as identify acquisition opportunities.

Wood Mackenzie's cost methodology is the established global industry standard, relied on by the world’s leading investment banks and mining companies to make strategic, operational and investment decisions.

Our analysts are based in the markets they analyse, working with high-quality proprietary cost databases and cost curve analyses to create consistent and reliable analysis. Our database includes over 2,450 asset analyses covering more than 1,000 companies worldwide.

  • Executive summary
  • Key companies
    • Vale
    • Rio Tinto
    • BHP Billiton
    • Fortescue
  • Reserves and resources
  • Production
  • Quality
  • Costs
    • Operating costs
    • Delivered costs
    • Capital costs
  • Margins
  • Fiscal terms
    • Brazil
    • Cameroon
    • Canada
    • China
    • Liberia
    • Russia
    • Ukraine

In this report there are 26 tables or charts, including:

  • Executive summary
  • Key companies
    • Attributable marketable production by key company
    • 2015 split of attributable marketable production
  • Reserves and resources
  • Production
  • Quality
  • Costs
    • 2015 Global total cash cost curve (US$/tonne) FOB / ex mine
    • Average total cash cost 2009 – 2030 (US$/tonne, nominal to 2015 real thereafter)
    • Delivered iron ore cash costs, CFR North China 2015 US$/dmt 62% Fe equivalent
    • Capital expenditure by project category (nominal to 2015 and real thereafter)
  • Margins
    • 2015 Global operating margin curve (US$/tonne)
  • Fiscal terms
    • Australia
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Chile
    • Fiscal terms: Table 6
    • Guinea
    • India
    • Kazakhstan
    • Fiscal terms: Table 10
    • Mauritania
    • Peru
    • Republic of Congo
    • Fiscal terms: Table 14
    • Sierra Leone
    • South Africa
    • Sweden
    • Fiscal terms: Table 18
    • United States
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.