https://au.news.yahoo.com/thewest/wa/a/30893795/five-things-we-learnt-from-bhps-results/
See below. Small extract
2. BHP’s position as the second cheapest producer of iron ore in the Pilbara is under real threat
BHP produced its Pilbara iron ore at a cash cost of $US15.21 in the first half of the year, and maintained its $US15/t for the rest of the year.
While its margins are still very strong, that cash cost of production is well above the $US13.20/t Rio Tinto is boasting as its target, and only US60 cents/t cheaper than Fortescue Metals Group’s December quarter result - and Fortescue has said it exited the year at $US15/t.
While both companies probably have some more cost savings to find - and there will be inevitable quibbling about whether the comparison is like-for-like on costs - BHP’s place in the Pilbara pecking order is no longer guaranteed.
Iron Ore Price, page-4847
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