Netscher says the Karara project is able to charge about 20 per...

Netscher says the Karara project is able to charge about 20 per cent higher prices for its iron ore than the spot price out of the north-east Chinese port city of Tianjin. The Tianjin spot price yesterday was $US110.90 a tonne, unchanged from Friday. Shipping costs erode the price Karara can get for its iron ore by 5 per cent, says Netscher. Karara’s production costs per tonne are between $US72 to $US76 a tonne.

http://www.businessspectator.com.au/article/2013/6/11/markets/markets-spectator-gindalbies-protest

11 JUNE 2013.