Original article by Amanda Saunders
The Australian Financial Review – Page: 17 & 22 : 4-Jun-15
Rio Tinto’s iron ore operations boasted a cash cost of about $US20 per tonne in the first half of 2014-15, but the group aims to reduce this to $US17/tonne in the second half. Andrew Harding, the head of the iron ore division, concedes that it is getting harder to further reduce costs after Rio’s aggressive push in recent years. Rio is also negotiating more favourable contracts with its suppliers and introducing automation technology.
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RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, VALE SA