Posted On: 08/07/2014 12:50:52 AM
Post# of 8059
the big 3 are bhp rio and vale -so their breakeven is 53, 44 and Vale at 68 because vale has to ship ca 11500 miles-sometimes 12000- to china from brazil -twice the distance of cwrn to china
whereas rio and bhp ship a lot of iron from australia- yet theres that 30% export tax in australia but brazil has been trying to extract ca 15 billion more in taxes from vale in courts
whereas rio and bhp ship a lot of iron from australia- yet theres that 30% export tax in australia but brazil has been trying to extract ca 15 billion more in taxes from vale in courts
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