Original article by Peter Ker
The Australian Financial Review – Page: 17 : 2-Feb-16

POSCO has estimated that the Roy Hill iron ore project’s break-even price is currently in the low $US40 per tonne range. The South Korean steel producer, which has a 12.5 per cent stake in the project, expects Roy Hill’s marginal cost of production to fall to the mid-$US30/per tonne range when it reaches full capacity in 2017. The benchmark iron ore price has fallen below $US42/per tonne in early February 2016. Fortescue Metals Group’s break-even price is said to be between $US28 and $US32 per tonne.

CORPORATES
ROY HILL IRON ORE PTY LTD, POSCO, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, HANCOCK PROSPECTING PTY LTD, CHINA STEEL CORPORATION, MARUBENI CORPORATION, UBS HOLDINGS PTY LTD