Country Report
Global iron ore cost summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Average seaborne cash costs in 2020 fell to US$29/tonne, compared to US$31/tonne in 2019 and global C1 operating costs were 9% lower than last year. The lower costs were a direct result of plummeting fuel prices in the first half of the year and lower exchange rates which were enough to offset additional costs associated with operating in a COVID-19 environment. We don't expect costs to rise much going forward as productivity and efficiency gains from automation continue to keep costs low.
Table of contents
- Vale
- Rio Tinto
- BHP Billiton
- Fortescue
-
Operating costs
- Delivered costs
- Capital costs
Tables and charts
This report includes the following images and tables:
- 2020 Global total cash cost curve (US$/tonne) FOB / ex mine
- Average total cash cost 2009-2030 (US$/tonne, nominal to 2020 and real thereafter)
- Capital Expenditure by project category (nominal to 2020 and real thereafter)
- 2020 Global operating margin curve (US$/tonne)
- Australia
- Brazil
- Cameroon
- Canada
- Chile
- China
- Guinea
- India
- 12 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Asset Report
Minorca iron ore mine
Minorca is a mine that now belongs to Cleveland-Cliffs after the company acquired almost all of ArcelorMittal's assets in the US in 2020.
$2,250
Asset Report
Northshore iron ore mine
Northshore is an open-pit mine owned by Cleveland-Cliffs that was upgraded in 2019 to produce DR pellets for the company's Toledo HBI plant.
$2,250
Asset Report
Tilden iron ore mine
Tilden is an open-pit mine owned by Cliffs that supplies pellets to the company's steel mills.
$2,250
