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Marginal iron ore miners feel the squeeze

Who’s next for the chop? That’s a question being asked by investors in low-grade, high-cost iron ore mining companies as profit margins are squeezed by falling prices and rising costs.

Marginal iron ore miners feel the squeeze Marginal iron ore miners feel the squeeze Marginal iron ore miners feel the squeeze Marginal iron ore miners feel the squeeze Marginal iron ore miners feel the squeeze

Two Australian miners have already shut the gate but if the iron ore price again slips back below US$100 a tonne, more will follow.