Original article by Business Spectator
The Australian – Page: Online : 8-Dec-15

The price of benchmark iron ore for immediate delivery to China’s port of Tianjin has fallen by 1.3 per cent to $US38.90 per tonne, compared with US39.40 previously. The iron ore price has fallen for seven consecutive trading sessions, and some market watchers believe that it could test the $US30/tonne level. At current prices, it is estimated that Fortescue Metals Group and Vale are now close to their break-even price.

CORPORATES
PORT OF TIANJIN, FORTESCUE METALS GROUP LIMITED – ASX FMG, VALE SA, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, ROY HILL IRON ORE PTY LTD