rio vale could cut iron ore prices by 82pc, page-3

  1. hergerr
    2,499 Posts.
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    09/12/08
    04:51
    Post #: 4584573
    Had a bit of a chuckle when I read the official's demand for those kind of prices. RIO and BHP can't even produce iron ore profitably at those kind of prices. It costs them something like $20 to $25 per tonne to sell a tonne of iron ore.
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