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24/01/23
21:58
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Originally posted by DVEous:
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All our costings were based on USD$80 per tonne. At USD$65 per tonne, Mbalam/Nabeba is becoming less attractive, although I do recall seeing costs of around USD$30-35 FOB being written about a year or two ago. Whilst any supply threat from Simandou will be years off, you want to hope that project falls into a screaming heap before Mbalam/Nabeba is up and running. And as an FMG holder, I'm not worried, because they are already down the path of diversifying.
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FMG have interests in Belinga. Which means Twiggy is keen and he gets the job done. Belinga is just a short spur line from Badondo rail termination. We need details of the Project scope soon. CMRG will determine the price of IO. Dedicated Govt led Buying group created with strong intentions. Simandou is the headline only.