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BHP's iron ore cash cost for the half-year ended June 30, 2015, was $17 per ton. Rio Tinto's (RIO) was $16.2 per ton, and Vale's (VALE) was $12.7 per ton in 3Q15. BHP expects unit costs to drop to...
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The world's three largest iron ore producers, Vale, BHP Billiton and Rio Tinto, are expected to increase total production through 2020, according to consensus. Including Fortescue, production ...
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BHP Billiton has narrowed its production guidance range for its Western Australian Iron Ore (WAIO) operations for the 2017 financial year ending June 30. It now expects to produce 268-272 million tonnes on a 100% basis, compared with 265-275 million tonnes previously, according to its production report released on Wednesday April 26.
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The Anglo-Australian miner joins peer Rio Tinto in announcing a shortfall, as it flags new second-half write-downs.
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Key Dates: 1885: Charles Rasp and George McCulloch form Broken Hill Proprietary Company (BHP). 1902: BHP begins extracting silver, lead, and zinc. 1915: BHP enters steel production. 1935: The company acquires Australian Iron & Steel Company. 1960: The company relaunches iron ore prospecting and mining operations.
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BHP Billiton announced that it has achieved a record iron ore production from its Western Australia Iron Ore (WAIO) mines during the second half of 2016. Australian ... With energy costs increasingly becoming a hefty part of a manufacturer's bottom line, the urgent need arises for groundbreaking methods that would help the industry alleviate ...
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BHP Billiton calculated that the freight cost of shipping iron ore from Australia to China was about US$20 per ton less than shipping from Brazil. Accordingly, BHP sought a US$7.50 to $10 per ton surcharge from the China Iron and Steel Association in addition to the 71.5% price increase.
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The establishment of a production systems organisation and technology team in iron ore could be a precursor to similar moves into other parts of the BHP Billiton business, should the project be ...
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The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($136.11) and a low price of CNY 830.00 ($134.49) per dry metric ton. For the fifth consecutive day, the price of Chinese...
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The "Big 3" iron ore mining companies (Vale, BHP Billiton and Rio Tinto) have also steadily increased their share of total world iron ore production from 36.4% (2013) to 39% and 43.8%, respectively, in 2014 and 2015.
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The iron ore price has been weakening over the past few months and fell to $44.59 earlier this month, its lowest level since 2009. Mining majors BHP, Rio Tinto and Vale have continued to raise...
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BHP has not invested in iron ore since 2012, but is working to sweat its assets in order to achieve higher production targets. BHP said a ramp up to 270 Mtpa is expected to be achieved without the ...
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BHP Billiton defers Port Hedland spending in response to iron ore price weakness By Peter Ker Updated April 22, 2015 — 6.18pm first published April 21, 2015 — 10.45am
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As a result, more high-cost supply from the mainland and elsewhere will be squeezed out of the market. Mainland ore imports surged 13.8 per cent last year, even as crude steel output grew just 0.9 ...
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World's largest miner BHP Billiton (ASX:BHP) cut Wednesday its iron ore production target for the year by 10 million tonnes to 260 million tonnes, becoming the second largest miner to do so this ...
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Today we are generating better margins on almost 2.5 times the volumes compared to the last time the iron ore price averaged around US$50 per tonne in 2006. Iron Ore is still good for Australia, There can be no doubt that Australian producers and Governments have benefitted from the phenomenal increase in demand for, and the price of, iron ore.
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We expect to cut unit costs at Western Australia Iron Ore by 21% to $16 per ton during the 2016 financial year," said Mackenzie. BHP's adversary (or partner-in-crime), Rio Tinto, is expected to lower their cost per ton to $17 this year. The two miners, along with Vale, have been criticized in recent months for saturating the iron ore market.
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Oct 26, 2004In August, JFE Steel agreed to buy $3.7 billion of iron ore from BHP Billiton over the next 11 years and to take a 20 percent stake in another of the company's mines in Western Australia, Yandi.
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The company's Australian mines produced 70 million tonnes of iron ore in the final quarter of fiscal 2017 taking into account the share of production from of joint-venture partners, sending ...
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BHP Billiton has made astonishingly quick work of cutting its iron ore production costs, just months after it threw down a challenge to Rio Tinto to claim its arch rival's mantle as the world's ...
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For example, BHP's cost guidance for iron ore in FY 2021 is US$13 a tonne to US$14 a tonne. Whereas Fortescue is currently pulling iron ore out of the ground with a C1 cost of just US$12.74 per wet metric tonne. Finally, Rio Tinto is targeting Pilbara iron ore unit costs of US$14 to US$15 per tonne.
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Australian miner BHP Billiton has announced its production results for the second quarter and the half year ended December 31, 2012.. In the second quarter, BHP Billiton produced 42.19 million mt of iron ore, up three percent compared to the corresponding quarter of the previous year.The company's Pilbara operations achieved another significant milestone during the given quarter with first ore ...
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The Brazilian mining giant is even more heavily exposed to iron ore than peers BHP Billiton (BHP-1.73%) and Rio Tinto (RIO-0.79%), with iron ore accounting for 94% of its full-year 2013 EBITDA, as ...
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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 ...
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Jan 12, 2015Brazil's Vale SA, the largest exporter of steel-making iron ore, has usurped its two nearest rivals to become the lowest-cost producer as a slump in the price of oil cuts shipping costs ...
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By ramping up production — and not starting new projects — BHP Billiton can lower the cost of producing iron ore by about 25%. That's to say BHP is dealing with the falling price of iron ore by...
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BHP Billiton aims to cut Australia iron ore costs, lift production 5 October 2014, 10:32 pm The world's biggest diversified miner, BHP has cut hundreds of jobs in recent years, announcing last...
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"On average, the cost of producing iron-ore in Australia is $30/t, compared with between $40/t and $50/t in West Africa and $90/t in China. Production growth will stagnate over the longer term and...
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Welcome to BHP Billiton Iron Ore Mining Operations, Business Analysts visit 11 - 12 September 2003, Business Analysts Visit September 2003 2, Visitor Safety Induction, Welcome to Newman, 1. Stay with your BHP Billiton escort at all times. 2. Reflective vests, gloves and safety helmets are provided and you will be advised when to wear them. 3.
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Global Iron Ore Mining Market Report 2022, Market Size, Share, Growth, CAGR, Forecast, Revenue, Report Scope Vale S.A., Rio Tinto Group, BHP Billiton, Cliffs Natural Resources., Fortescue Metals Group Ltd, Atlas Iron, BC Iron, Champion ... Chapter 15 Iron Ore Mining Manufacturing Cost Analysis 15.1 Key Raw Material Analysis;
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The miner surpassed its iron ore guidance by more than 2 per cent for the year to June 30, and said it was already capable of producing beyond its guidance for 2013-14. BHP said the past three months had shown its Pilbara operations could produce iron ore at a rate that would deliver 217 million tonnes if sustained over a year.
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Resources giant BHP Billiton Limited says it is aiming to bypass Rio Tinto Limited in lowering its iron ore production costs. Deutsche Bank estimates BHP's all in cash costs at US$51 a tonne ...
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Brazil's iron ore production growth will rebound in the coming years following contraction and stagnation over 2018-2020. Low operating costs, a solid project pipeline and Brazil's high-quality ...
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The evolution of BHP Billiton Iron Ore resulted in an eclectic mix of mines/ores, each with their varied exploration and evaluation histories. ... The effects of ore type and bed depth on sinter ...
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BHP Billiton calculated that the freight cost of shipping iron ore from Australia to China was about US $20 per ton less than shipping from Brazil. Accordingly, BHP sought a US$7.50 to $10 per ton surcharge from the China Iron and Steel Association in addition to the 71.5% price increase.
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Nov 20, 2020Iron ore makes up 38% of BHP Billiton's (BHP) revenues and 42% of its EBITDA. ... also reduced its production costs in the United States due to headcount reduction and other input costs.
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Iron ore heavyweights BHP Billiton and Rio Tinto could hammer production costs to less than $US15 a tonne within 18 months, as BHP chief Andrew Mackenzie warned this ...
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Specifically, BHP Billiton (BHP 0.99%) has recently revealed that it is ramping up iron ore production, which will drive the price down and could drive high-cost smaller producers out of business.
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BHP Billiton today announced it had reached agreement with a number of its steel customers on prices for contracted iron ore tonnage for the 2005 contract year. The agreed prices are as follows: - Mt Newman High Grade Fines 61.72 US cents per dry metric tonne unit; an increase of 71.5 per cent.
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Vale signed a deal to provide Sumitomo Metal Industries Ltd., Japan's third-biggest steelmaker, with iron ore at prices of $100 to $110 a metric ton for the quarter starting April 1, spokesman...
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