BHP Billiton’s Yandi Mine Operates at Lowest Cost, States Timetric in Its New Report Recently Published at MarketPublishers.com20 Jun 2016 • by Natalie Aster
LONDON – Rio Tinto, BHP Billiton and Vale are the three leading producers, not only accounting for the lion’s share of the global production but also having the most cost-effective operations.
Low stripping ratios will make sure the majority of operations have low costs of mining operations per tonne.
BHP Billiton’s Yandi mine is operating at the lowest cost, with an estimated free on board (FOB) cost of USD 17.65 per tonne in 2015. This was followed by the mining operations at Rio Tinto’s Mesa, an iron ore mine situated in the Pilbara region of Western Australia. As regards Hematite operations, they produce mainly lump and fines ores (both are direct shipping ores), which makes their processing costs lower.
New comprehensive research report “Global Iron Ore Cost Curve” drawn up by Timetric provides an iron ore cost curve for 70 mines, accounting for more than 90% of the seaborne iron ore market, with break-up of costs into processing, mining, freight, admin and royalties.
The study gives an understanding of the world industry structure of iron ore mines; includes an analysis of the various mines, alongside comparing them to a cohort of their peers. The research report also presents an in-depth assessment of the performance of iron ore mining companies.
- Global cost costs by mines;
- World company equity production costs;
- Production costs by country;
- Rio Tinto’s, Vale’s and BHP Billiton's cost curves.
More new reports by our market research partner are available at Timetric page.