BHP BILLITON, RIO TINTO AND FORTESCUE HAVE PROFITS EVEN WITH FALL IN IRON ORE PRICE

The big producers of iron ore are still having high profits, even with the fall of 70% in the price of the commodity since 2011.

BHP Billiton, Rio Tinto and Fortescue Metals cut costs in 40% since 2012 and invested in expansion of the capacity and technology and theses strategies made them profitable, said CLSA.