165 million tonnes per annum
$18/wmt FY16 forecast C1 cost
• US$22/wmt C1 cost for the June 2015 quarter, with a C1 cost in June of US$19/wmt
• Shipments of 42.4mt achieved during the quarter
• US$2.4 billion of cash on hand at 30 June 2015
• US$190 million improvement in working capital through reduction in iron ore inventories
• Price realisation of 87 per cent or US$52/dmt, compared to the average 62% Platts contract price of US$60/dmt
• All FY15 guidance achieved with shipments of 165.4mt and C1 cost of US$27/wmt
• US$1.6 billion of savings achieved over the last two financial years with an additional US$1.4 billion
to be realised in FY16
Ann: June 2015 Quarterly Production Report, page-2
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