NewsBite

Analysis

Iron ore miners’ pressure points in focus as commodity price wobbles

Mineral Resources’ flagship iron ore mine made a profit of around $US8 a tonne of red dirt sold into the spot market on Friday.

Elouise Fowler
Elouise FowlerReporter
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Mineral Resources’ flagship iron ore mine made about $US8 ($11) for every tonne of red ore sold into the spot market on Friday, making it one of the least profitable iron ore mines in the Pilbara.

For MinRes, led by billionaire founder Chris Ellison, the cost of putting the crushed rocks on a ship headed for smelters where it is turned into steel far exceed those incurred by BHP, Rio Tinto and Fortescue.

Loading...
Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Mining

Fetching latest articles

Most Viewed In Companies

    The Australian Financial Review Magazine

    Van Cleef & Arpels managing director, Oceania, Julie To.

    BOSS Financial Review

    Life & Leisure

    Starward whisky.

    Rich List

    Portelli pictured in 2023. He is reportedly weighing a sale of parts of his business.

    Original URL: https://www.afr.com/companies/mining/iron-ore-miners-pressure-points-in-focus-as-commodity-price-wobbles-20240821-p5k48i