Iron Ore
Chief executive, Iron Ore and Australia: Sam Walsh
We are the second largest producer supplying the global seaborne iron ore trade. After a decade of dramatic expansion in Australia, and more recent growth in both Australia and Canada, we believe we are well positioned to benefit from the continuing demand surge in China and other Asian markets. We are driving performance through effective project management and enhanced operational efficiency.
Products
Overview: Iron ore, salt
Iron ore
Iron is the key ingredient in the production of steel, one of the most fundamental and durable products for modern day living, with uses from railways to paperclips. Our mines are located in Australia and Canada.
Salt
Salt is one of the basic raw materials for the chemicals industry and is indispensable to a wide array of automotive, construction and electronic products, as well as for water treatment, food and healthcare.
Download the Iron Ore fact sheet
Operational highlights in 2010
| 2010 US$ million | 2009 US$ million | |
|---|---|---|
| Revenue | 24,024 | 12,598 |
| Operating cash flow | 15,915 | 7,389 |
| Underlying earnings (a) | 10,189 | 4,126 |
| Capital expenditure | 1,716 | 2,148 |
| Net operating assets | 11,628 | 11,263 |
Find out more on Iron Ore's performance results in the Annual report
(a) See note 2 and the Financial information by business unit section of the 2010 financial statements for a reconciliation of underlying earnings to net earnings.
- Strategy
- 2010 key achievements
- Key priorities
- Outlook
- Continue to build the Pilbara operations as the leading iron ore supplier close to the world's largest, fastest growing markets.
- Focus on implementing a major expansion programme while maintaining maximum production.
- Continue to develop and benefit from technology innovation to deliver supply chain efficiencies, maximising margins per tonne.
Fact sheets
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