Iron, News & Features, Resource News
Kloppers warns iron ore export window is closing
By The Australian · May 16, 2012 · 9:57 am · Leave a Comment
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By Matt Chambers
BHP Billiton chief executive Marius Kloppers has a more bearish forecast on iron ore demand than arch-rival Rio Tinto, and warns that the window is closing for new investment in the nation’s most valuable export.
In a presentation to investors in Miami, Mr Kloppers highlighted the growing cost and demand pressures facing miners, and said that prices had dropped from record received levels of $US180 a tonne to about $US135.
