Iron ore miner breakevens revisited

Nice little interactive here from The Australian:


  1. I wonder how likely that Roy Hill figure is going to be? How can one tell until the dirt starts shipping? Is that a best case scenario?

      • She’ll be pushing for an FTA with Africa so she can bring in all the workers she needs on $2 per day. I’m sure that’s not all she’ll be using them for!!

  2. So where are the Chinese Iron Ore suppliers breakevens?

    Or don’t they count? Or is it more a case of you don’t want anyone to end up in jail?

    • The vast majority are well out of the game except that they are largely state owned enterprises. So they will keep going as a means of maintaining the “iron rice bowl” of working for a state owned company.

      There is also the security issue of maintaining a domestic supply. If seaborne trade was limited or stopped, they want some Iron Ore to be ready at hand.