Original article by Barry FitzGerald, Michael Owen
The Australian – Page: 21 and 22 : 20-Jun-14

Iron ore mining groups in Australia may lose revenue worth $US30bn ($A32.5bn) combined due to the decline in the price of the commodity. It traded at $US90.30 per tonne on 19 June 2018, down $US44.70 from the average seen in calendar 2013. Especially hard hit will be smaller producers with operations that have high input costs, and already Ferrier Hodgson has been made administrator of Termite Resources. The company owned by IMX Resources and Taifeng Yuan Chuang International started shipments from its Cairn Hill mine in South Australia in late 2010. The iron ore price at that time was $US170

CORPORATES
IMX RESOURCES LIMITED – ASX IXR, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, TERMITE RESOURCES NL, TAIFENG YUANCHUANG INTERNATIONAL DEVELOPMENT COMPANY LIMITED, FERRIER HODGSON AND COMPANY, ASX LIMITED – ASX ASX, MMG PTY LTD, RESERVE BANK OF AUSTRALIA, SOUTH AUSTRALIA. DEPT OF TREASURY AND FINANCE