Good article released on AFR site just now . Herein lies the issue facing the industry. Three quarters of the major development pipeline is Oz is purely to replace depleting mines with Iron Bridge being the notable exception.
Combine that with Vale still being a couple of years away before returning to its production levels of 2018 and the increasing cost curve due to tailing dams, an issue we’ve discussed on here ad nauseam.
Rio has been the market leader for years but obviously in its haste to retain that title, issues have emerged this year. Increasing C1 is a side effect and the article explains the infrastructure costs that need to be made just to retain status quo. Deepness of mines, proximity to environmental sensitive areas are a burden also.
https://www.copyright link/companie...spend-on-generational-renewal-20191101-p536ez
Good article released on AFR site just now . Herein lies the...
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Last
$19.49 |
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0.320(1.67%) |
Mkt cap ! $60.00B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.51 | $18.92 | $114.2M | 5.891M |
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| No. | Vol. | Price($) |
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| 1 | 1000 | $19.48 |
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| Price($) | Vol. | No. |
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