What is the minimum iron ore price required

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Question 1: What is the minimum iron ore price required for 75% concentrate to achieve a 20% rate of return on capital given the following facts:

  1. CAPEX of mine $150 million
  2. Annual production of mine 2.5 million tonnes
  3. Annual operating costs of $30 per tonne of production

Express your answer in cents

Reference no: EM132466005

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