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

UBS mining analyst Glyn Lawcock estimates that BHP Billiton’s iron ore division may have reduced its break-even price to around $US28 ($A40.50) per tonne. This would be slightly below the break-even price of rival Rio Tinto. In 2014, BHP had flagged plans to overtake Rio Tinto as the lowest-cost supplier of iron ore to the Chinese market. The iron ore price is currently trading at around $US55 per tonne.

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