world mine closures signal profit drop, page-4

That's a pretty basic point that I would of assumed that the originator of the thread would of been able to establish for his/herself.

The vast majority of BHPs project are in the first quarterly percentile on the cost curve. The rest of the projects are definitely in the 2nd quartile.

Margins on BHP's projects are all over 50% as seen in their last fin. results. RIO's margins are about 33% so even if the markets drop more, BHP will be the last ones to suffer due to their enormous margins. If BHP are shutting mines due to prices then there won't be many other producers out there, probably none. Maybe a few of the massive oil co's.

BHP pretty much only deal with tier 1 assets.

Marius is taking an intimate guided analyst tour around a few places next week after the AGM tomorrow (London time)
All of the london based investor relations team is going along on analyst tour aswell.

No doubt we will read about stuff in the press about the tour soon enough.

choice