Insight
Iron ore cost cuts in Australia and China, but will it last?
Report summary
Iron ore producers in Australia and China have been forced to reduce costs in view of low commodity prices. Companies have undertaken various means to cut costs under difficult market conditions. The Average Australian FOB cost has dropped from US$29.3/tonne in 2014 to US$21.8/tonne in 2015. Savings have been realised in the areas of low diesel prices, labour, operations and government support.
What's included
This report contains
Table of contents
- Executive summary
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Cost saving measures in Australia and China
- Diesel prices
- Labour
- Operational
- Government support
- Australian mid-tiers under pressure in 2016
- Conclusion
Tables and charts
This report includes 5 images and tables including:
Images
- Cost drivers for mid-tier Australian producers
- Required transport and port savings for high-cost Australian producers
- Australian and Chinese mining cost per tonne
Tables
- Required transport and port cost reductions for 2016
- Comparison of cost saving initiatives in Australia and China
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