The table below shows our estimate of the components of the average cost of iron ore products. In Q2 2012, the average iron ore product had operating costs of $42.23/wet tonne, compared to$i4-3.60/wet tonne in Q1 2012. The average export product had operating costs of $36.55/wet tonne, compared to $38.05/wet tonne in the previous quarter. Total costs of export iron ore products stood at$46.52/wettonne in Q2 2012.
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