CAPITAL MARKETS

BC Iron chief targets 5-10% cost cutting after latest iron ore price fall

BC Iron's directors were grilled by concerned shareholders today after the 4.4% fall in iron ore prices overnight prompted yet another sharp dip in the company's share price.

Stephen Bell
BC Iron chief targets 5-10% cost cutting after latest iron ore price fall

Chief executive Morgan Ball insisted the company could remain profitable even at current prices as he outlined plans to slash all-in costs by 5-10%, mainly by testing the market on contractor rates starting...

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