Original article by Amanda Saunders, Tess Ingram
The Australian Financial Review – Page: 21 & 26 : 9-Jul-15

Katana Asset Management’s Romano Sala Tenna expects a number of Australian iron ore mines to cease production in the next 12 months. He says some of the cost reduction strategies utilised in the last year are unsustainable, and also notes the dearth of capital investment in many iron ore mines. Pengana Capital’s Tim Schroeders also has doubts as to whether cost-cutting measures can be sustained in the long-term. The iron ore price has fallen below $US50 per tonne, which may put further pressure on smaller producers.

CORPORATES
KATANA ASSET MANAGEMENT LIMITED, PENGANA CAPITAL LIMITED, ATLAS IRON LIMITED – ASX AGO, UBS HOLDINGS PTY LTD, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL IRON ORE PTY LTD, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, VALE SA, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD