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Mining's cost competition

Mining has changed since the downturn. What was once a question of, ‘how many tonnes can a company produce?’, has become, ‘how much does it cost to produce that tonne of ore?’

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Heating up: The contenders for the world’s lowest-cost mining jurisdiction are constantly changing

Commodity price volatilty has caused this, but so too have increased labour costs, falling labour productivity, higher royalty charges, exchange rate fluctuations, changing contractor and engineer