BHP takes Rio’s iron ore heavyweight title

Original article by Nick Evans
The Australian – Page: 21 : 21-Aug-19

BHP has become the world’s lowest-cost iron ore producer, after its average unit cost of production fell to $US11.89 a tonne in the second half of 2018-19. Meanwhile, BHP expects iron ore shipments from the Pilbara to top 286 million tonnes in 2019-20. However, BHP does face some challenges; it recently advised that the iron content of its Jimblebar Fines iron ore product will fall from 61 per cent to 59.5 per cent during 2019-20, while two autonomous haulage trucks at the Jimblebar mine remain out of action following a collision in March.

CORPORATES
BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO

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