What is the minimum iron ore price required

Reference no: EM132466340

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

CAPEX of mine $150 million
Annual production of mine 2.5 million tonnes
Annual operating costs of $30 per tonne of production

Express your answer in cents per dmtu to the nearest tenth of a cent.

Reference no: EM132466340

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