Iron ore price slump hits mining majors

Original article by Amanda Saunders
The Australian Financial Review – Page: 17 : 7-Jul-15

The iron ore price’s fall to $US54 per tonne weighed heavily on Australian-listed producers of the steel input on 6 July 2015. Rio Tinto shed 2.57 per cent to close at $A51.16 and Fortescue Metals Group was down 5.7 per cent at a six-year low of $A1.71. Their break-even prices are estimated to be around $US32 and $US39 per tonne respectively.

CORPORATES
RIO TINTO LIMITED – ASX RIO, FORTEK COMPUTERS LIMITED, VALE SA, UBS HOLDINGS PTY LTD, BARCLAYS BANK PLC

Leave a comment