Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Higher costs during the quarter ended March has resulted in ASX-listed Arrium Mining selling its iron-ore product at a loss. The miner reported on Monday that average costs loaded on ship reached A$48.2/t during the quarter, up by A$2.50/t from the previous quarter. The increase in costs was owing to a short-term increase in the waste-to-ore strip ratio in some pits, as the miner transitioned its work to focus on the lower-cost Middleback Ranges operation, in South Australia.
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