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Ellison defiant in the face of falling iron ore

Iron ore slipped into danger territory this week, especially for producers of low-grade material, with the head of a big Australian miner warning that one of his projects was “getting close” to running at a loss.

Tim Treadgold
Ellison defiant in the face of falling iron ore

Chris Ellison, executive chairman of Mineral Resources, told shareholders at the company's annual meeting in Perth on Thursday that the Pilbara business unit which operates in the north of Western Australia:...

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