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US$/dry tonne<br />
Fortescue<br />
Moving down the global cost curve<br />
Targeting bottom quartile<br />
200<br />
150<br />
China Iron Ore Supply CFR Costs – May 2014 (including royalties and freight)<br />
Domestic Chinese Ore<br />
Australia<br />
Brazil<br />
India<br />
South Africa<br />
Other<br />
100<br />
50<br />
0<br />
0 100 200 300 400 500 600 700 800 900 1,000 1,100 1,200<br />
Cumulative Mt (wet, as delivered)<br />
31<br />
Source: Metalytics
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