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