The iron ore price slump won't stop BHP and Rio

Even as the price of iron ore continues to decline, the economics of ramping up volumes will remain compelling for Rio Tinto and BHP Billiton.

With the iron ore price touching $US70 a tonne overnight, the price is closing in on the point where only Rio Tinto and BHP Billiton will have profitable iron ore businesses. Despite the continuing collapse in the price, however, both remain committed to driving increased production volumes.

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