The miner is targeting a C1 cost, or basic production cost, of $18 a tonne in the 2016 financial year, down from $33 a tonne in the first half of the 2014 financial year. Its all-in-cost is expected to fall to $13 a tonne in the 2016 financial year, down from $66 a tonne in the first half of the 2014 financial year. Forrest says “in any iron ore price that the majors can survive at, Fortescue will prosper.”
Iron Ore Price, page-49
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