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Read somewhere many months ago on hotcopper that they signed...

  1. Boges
    376 Posts.
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    20/09/16
    12:06
    Post #: 19279760
    Read somewhere many months ago on hotcopper that they signed poor shipping contracts for hauling the iron ore to China - they expire this month and are now up for tender again;

    With the oversupply of ships due to the collapse in commodity prices in the past 24 months, the suggestion was that it could be now US$ 5 to $US 6 per tonne cheaper - give the current break-even price has been lowered to US$45 per tonne that comes now to $US39 per tonne.
    ARI Price at posting: 2.2¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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