What is the minimum iron ore price required for 75% concentrate to achieve a 20% rate of

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What is the minimum iron ore price required for 75% concentrate to achieve a 20% rate of return on capital given the following facts:

· CAPEX of mine $150 million

· Annual production of mine 2.5 million tonnes

· Annual operating costs of $30 per tonne of production

Express your answer in cents?

Related Book For answer-question

College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Posted Date: May 15, 2023 02:16 AM

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What is the minimum iron ore price required for 75% concentrate to achieve a 20% rate of

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College Mathematics for Business Economics Life Sciences and Social Sciences

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