query: is mbarga nabeba viable?, page-9

Hi (bouhr)

Please read before adding extra costs to the figures quoted.
There is a 5 year tax holiday,25% income tax and 5% dividend tax there after. This was taken from a 2012 report from SDL.

FOB Iron Ore Cash Cost Curve for 2011 was shown as Port costs,Royalties & Export Duties,Inland Transport,Pelletizing,Processing and Mining.
SDL lowest cost of around $26p/tonne. That included Pelletizing which will not be included until Phase 2 Itabirite time. Unless they Pelletize some of the lower grade DSO.
Carajas (Brazil) is the next cheapest then Conceicao,Btucutu,NMDC Bailadila,Robe River,Yandicoogina,Yandi,Hope Downs,Marandoo,Caue/Minas do Meio,Casa de Pedro,Sishen.

Cheapest Itabirite is again Sundance Resources at around $40p/tonne,then Minas Itabirito,Cloud Break Fines,Ingulets GOK Pellet feed,Samarco Pellets,Kiruna Pellets and so on.

Independent Specialist Report on Valuation of SDL SAYS.
Stage One. Mining 2014-2023 US$$7.00/pt
Processing $4.90/pt.
Rail $2.60/pt.
Port $2.90/pt.
General and Administrative $1.50/pt
Subtotal $18.90

Contingencies $2.40/pt.
Royalties $1.20/pt

Total (US$ M 2011) $22.50/per tonne.

Operating costs in Stage One on an owner operator basis and a contractor margin of 30% has been applied to each contractors.

Could people please remember these figures instead of adding extra cost onto SDL's Projects when not really knowing the advised costs.

The figures I have posted about SDL's costs and other Miners costs have been published several times and are in SDL Presentation,s,Broker Reports Etc. I am not posting fanciful figures. The Mining costs for the list of Mining Companies were done I believe by Metalytics Resources Sector Economics.

Regards
Westcott.