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Iron Ore

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Factbook F-243161
Iron Ore Raw material Metals
Production13.6 million t p.a.
Exports1.24 million t
Value per tonne✦51.7
Revenue✦703 m
Value added✦689 m
Surplus✦115 m
  • Per tonne:
  • Labour ✦0.883 (Sf 2.76)
  • Materials ✦0
  • Capital ✦40.6
  • Energy ✦1
  • Surplus ✦9.19

Whole chain per tonne: 0.02 labour hours, 20 kWh.

Formula

A.C. = w0LhSf Labour ✦0.883 Shadow wage w0 ✦16 an hour Γ— Lh 0.02 hours per tonne Γ— skill factor Sf 2.76 Sf for energy: training ✦60,000 against ✦45,000, queue 30 hours against 48 + Ξ£ qiPirΞ»i Materials ✦0 A raw material, with no recipe inputs. + (D + Mo)Ξ±e Capital ✦40.6 Depreciation and maintenance ✦28 per tonne Γ— financing 1.45 Γ— waste factor Ξ±e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. Ξ±e is 1.00 when maintenance hours and defects are on target. + Epe Energy ✦1 E 20 kWh per tonne Γ— pe ✦0.05 per kWh = ✦42.5

A.V. = rP*world Accounted value ✦51.7 per tonne World price $55 per tonne less freight and insurance 37.4% = P* $34.5 Γ— r 1.5 crowns per US dollar Export parity: the price at the Commonwealth border for a good it sells abroad. Observed abroad, not calculated: a wasteful producer raises only its own cost. = ✦51.7

Revenue = A.V. Γ— Q Accounted revenue ✦703 m p.a. Domestic: 12.4 million t Γ— ✦51.7 = ✦639 m Exports: 1.24 million t Γ— ✦51.7 = ✦63.9 m = ✦703 m

Surplus = (A.V. βˆ’ A.C.) Γ— Q βˆ’ levies Accounted surplus ✦115 m p.a. Revenue ✦703 m βˆ’ cost ✦42.5 Γ— 13.6 million t = ✦125 m Export charges ✦9.58 m: 15% of export revenue (federal levy and permit fee) Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦115 m

Made here
Supplies or uses it
Inputs arriving
Output leaving

Made in

Kala 100%

Output

Steel ✦613 m Final domestic use ✦25.6 m

Made from per tonne

A raw material: no recipe inputs.

Used in p.a.