BHP Billiton Aims to Overtake Rio Tinto as Cheapest Supplier of Iron Ore

Iron ore prices may be diminishing but that’s not stopping BHP Billiton’s to be the world’s cheapest supplier.

The Australian-based company, which is currently the third-biggest producer of iron ore, is looking to cut its production costs by more than 25 percent and squeeze more tons from its iron ore mines as it seeks to overtake rival Rio Tinto as cheapest supplier.

Read more at: http://www.miningglobal.com/operations/1192/BHP-Billiton-Aims-to-Overtake-Rio-Tinto-as-Cheapest-Supplier-of-Iron-Ore

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