Original article by Jesse Riseborough, Jonathan Ferro
The Australian Financial Review – Page: 16 : 17-Dec-15
The iron ore price has shed 45 per cent so far in 2015, falling below $US40 per tonne in early December. Rio Tinto CEO Sam Walsh says many iron ore producers are struggling to remain viable given the current price of the steel input, and it is inevitable that some will withdraw from the sector. Walsh adds that Rio Tinto’s record low debt means it is well-placed to prosper in 2016.
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