Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Workers at the $10-billion Roy Hill iron-ore mining project owned by Australian billionaire Gina Rinehart face a drop in salaries as a way of preserving jobs as the sector reels from low commodity prices. Iron-ore prices have slumped as much as 70% since construction of the mine began four years ago in partnership with South Korean steelmaker Posco, Japan's Marubeni Corp and Taiwan's China Steel Corp.
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