Thursday 16 April 2015

Otmane El Rhazi : Apart from Big 3, iron ore miners face 'existential' threat -Goldman

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Up to half of iron-ore output by miners outside the three mega producers in Australia and Brazil is at risk of closure with global demand set to peak at about 1.4-billion tonnes next year, Goldman Sachs said. Production volumes among top miners - Vale, Rio Tinto and BHP Billiton - was not at risk, the bank said.

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