Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Australian Prime Minister Tony Abbott on Friday threw his support behind a proposed Senate inquiry into the economic impact of a slump in the price of iron ore, ratcheting up pressure on top producers Rio Tinto and BHP Billiton. Leading independent senator Nick Xenophon on Thursday pulled a vote that could have launched an inquiry into the impact of the price collapse on government revenue and to consider whether action is needed to ensure healthy competition in the sector.
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