Original article by Peter Ker, Jessica Sier, Tess Ingram
The Australian Financial Review – Page: 15 & 20 : 14-Jul-16

The share prices of BHP Billiton, Rio Tinto and Fortescue Metals Group rallied on 13 July 2016, as the benchmark iron ore price continued to rise. UBS recently estimated that Fortescue’s break-even price is around $US32 per tonne, which is believed to be still slightly above the break-even price of both BHP and Rio Tinto. Meanwhile, Fortescue has advised that its iron ore shipments totalled 169.4 million tonnes in 2015-16, compared with its guidance of 165 million tonnes.

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BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, UBS HOLDINGS PTY LTD, MOUNT GIBSON IRON LIMITED – ASX MGX, ROY HILL HOLDINGS PTY LTD, MARUBENI CORPORATION, BC IRON LIMITED – ASX BCI, ATLAS IRON LIMITED – ASX AGO, VALE SA, STEELHOME, MORGAN STANLEY AUSTRALIA LIMITED, MINERAL RESOURCES LIMITED – ASX MIN, MESA MINERALS LIMITED – ASX MAS, PITCHER PARTNERS CORPORATE ADVISORY PTY LTD