Isn't heamatite the better option for return on capital and profit margin?
RIO only have to spend 530million for 16mta heamatite from Yandi expansion GBG spending 750million for 8 mpta magnetite, more money spent half the production? AGO plan to produce 3mpta heamatite at 21million GRR 6.8million magnetite at 1.2billion
Everyone makes a profit while the iron ore prices are at these levels though, but everyone will be looking for the low cost producers once China gets its supply fill
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