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Rising costs dent Aussie miners' profits

Iron ore might be trading at US$207 a tonne but that doesn’t necessarily mean all of the price is being captured by the miners as they battle with costs which are starting to rise sharply.

Rising costs dent Aussie miners' profits Rising costs dent Aussie miners' profits Rising costs dent Aussie miners' profits Rising costs dent Aussie miners' profits Rising costs dent Aussie miners' profits

Australia in particular is being buffeted by a shortage of skilled workers and construction material with a resulting increase in wages and a slowdown in site works, which is another form of cost.