Original article by Tess Ingram
The Australian Financial Review – Page: 15 & 20 : 6-Jul-15

The price of iron ore was trading at $US55.26 per tonne on 3 July 2015, having surrendered the bulk of recent gains during the week. UBS estimates that the break-even price for many smaller listed iron ore producers is just below the current price of iron ore, including BC Iron, Atlas Iron and Arrium. Glyn Lawcock of UBS notes that smaller iron ore miners have significantly reduced their costs since late 2014, and he expects further cost reductions in the next 12 months.

CORPORATES
UBS HOLDINGS PTY LTD, BC IRON LIMITED – ASX BCI, ATLAS IRON LIMITED – ASX AGO, ARRIUM LIMITED – ASX ARI, ROY HILL IRON ORE PTY LTD, MOUNT GIBSON IRON LIMITED – ASX MGX, GRANGE RESOURCES LIMITED – ASX GRR, FORTESCUE METALS GROUP LIMITED – ASX FMG, WOOD MACKENZIE, AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE, RBC CAPITAL MARKETS, CITIGROUP PTY LTD