BHP Billiton inches ahead of Rio Tinto in race for title of lowest-cost exporter

BHP iron ore president Jimmy Wilson. BHP is now the lowest-cost exporter to China.

#BHP iron ore boss #JimmyWilson pledged in October last year that the miner could beat Rio on costs over the “medium term” and claim its coveted mantle as the cheapest exporter of #IronOre to China, as he outlined a three-year plan for the business.  Mr Wilson said “with annual sustaining capex of approximately $US5 a tonne over the next five years, we aim to be the lowest-cost supplier to #China on an all-in cash basis”.

Read more: http://www.smh.com.au/business/mining/bhp-inches-ahead-of-rio-in-game-of-cents-20150906-gjg4yl.html#ixzz3l3IQA6Up

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