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Fall in iron ore price hits Australia's miners

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A 30 per cent drop in the iron ore price is causing concern among Australia's miners who have invested heavily in greater production facilities on the expectation ...

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business news finance analysis FT Financial Times business news finance news international news global news Australia mining Fortescue iron ore Jamie Smith Rio Tinto steel plunge spill drop slump dip slope tumble dive slant ebb header cut slip lapse rise ascent level climb loss death ruin win fight growth decline crash dwindle ease stumble settle plummet sink go down land wane lessen pitch trip droop buckle subside totter topple trail drag abate spin relapse flop recede flag cascade regress cave in fold up grow go up lose raise scale reach die submit perish resign yield bend succumb obey back down give in go under give up be killed be lost be taken defer to eat dirt give way lie down become occur chance arrive befall accommodation apprehension appropriation bag booby trap bust captivity capture collar commitment confinement constraint crimp detention fall gaff glom grab heat hook imprisonment incarceration jailing mitt nab nail nick nip pick up pickle pinch preventive custody protective custody pull pull in restraining run in sequestering snare sweep autumnal equinox harvest action bechance betide break come down come off come to pass cook cook up a storm cook with gas develop ensue fall out follow gel hap happen jell materialize shake smoke supervene transpire abduction acquirement acquisition appropriating arrest catch commandeering confiscation ensnaring gaining grasping hit the jackpot knock off laying hold of obtaining occupation securing seizing seizure snatching taking taking captive taking into custody trapping winning abase beat down belittle corrupt damage debase decry degrade demean denigrate depreciate derogate devalue discredit disparage downgrade lose value lower mar mark down minimize reduce render worthless spoil undervalue write off channel course gutter incline rapid runway slide trough autumn cheapen chute Fall Falls rigid steel firm heavy thick cruel dense robust strong steely ferric loose soft weak pig chain bond cuffs bracelet cable 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submission suggestion sum summons tender allurement bait blackmail buyoff compensation contract corrupt money corrupting gift enticement envelope feedbag fringe benefit gift goody graft gratuity gravy grease hush money ice incentive inducement influence peddling kickback lagniappe lure payola perk perquisite present protection remuneration sop sweetener sweetening take bad news bite expenditure expense nick payment price tag squeeze tick fix price at impose levy require sell for arm and a leg bottom dollar bottom line disbursement line nut setback top dollar appraise bid bribe PRICE Price blow bat shot punch swing lick tap clip butt slap stroke rap glance zap belt impact chop pat swipe sock swat slog clash knock buffet whammy bang clout wallop paste box smash plunk shock smack spank cuff whop zinger bonk loss flop winner wow click SRO beat pop nail batter blast whack kick ding pound lace bump blitz brain hammer lob pelt cudgel lather crack trash jab dab club thump pellet bash flail stone thwack hook thrash flog clap flax larrup whang praise fail lose crash carom light jostle scrape thud meet strike affect reach occur touch secure attain gain miss bestsellers hit parade hits the charts top of the charts top twenty achieve arrive bring about bring off carry out conclude consummate do a bang-up job do justice do one proud do the trick effect finish fulfill get someplace get there hit make hay make it manage nail it perform produce pull off put it over rack up realize score sew up take care of win accomplishment acquirement acquisition act actualization attainment completion conquest consummation contrivance creation deed effectuation effort enactment encompassment execution exploit feat fulfillment masterpiece performance production realization success tour de force triumph victory access alight appear barge in blow in bob up breeze in bust in buzz check in clock in disembark dismount drop anchor drop in enter fall by fall in get to hit town land make the scene pop in pop up pull in punch the clock report roll in show show up sign in sky in take place turn up visit wind up at canvass catechize challenge cross-examine demand direct enjoin examine give the third degree go over grill hunt for inquire institute interrogate investigate needle pick one's brains pop the question pry into pump put the screws to put through the wringer query quiz request roast sweat angle appeal apply beg beseech bite bum call for charge claim command contend for crave entreat file for hustle implore impose levy mooch order petition plead pray promote requisition seek solicit sue supplicate urge top 40 accomplish achievement ask Hit HIT collier sapper dredger miner sourdough mole spade endemic hers his individual inherent intrinsic its mine owned particular peculiar personal private resident theirs very own yours prospector digger own Miner minner miners gillespie mascot job career owner boss roll deep grime ghetto london slang wiley frisco bbk gold digger snitch skeezer 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nonspiritual physical profane secular subastral sublunary tellurian telluric temporal terraqueous terrene terrestrial uncelestial under the sun unspiritual across-the-board GLOBAL Global Australia australia boring pitting tapping digging blasting burrow cavity cut cutting dig disinterring ditch dugout exhuming hole hollow mine mining pit quarry removal scooping shaft shoveling trench trough unearthing gouge out penetrate perforate pierce prick punch puncture ream riddle sink tunnel avert battle beat off bulwark care for cherish conserve contend cover entrench espouse fend off fight fight for fortify foster garrison guard guard against hedge hold hold at bay house insure keep safe look after maintain nourish oppose panoply preserve prevent provide sanctuary repel danger resist retain safeguard save screen secure shelter shield stave off sustain take in uphold war ward off watch watch over withstand bore break up bulldoze cat channel clean concave deepen depress dig down discover dredge drill drive enter excavate exhume fork out go into gouge grub harvest hoe investigate probe produce root root out rout sap scoop scoop out search shovel sift spade till turn over uncover undermine unearth delve empty scrape abuse apply avail oneself of bleed capitalize on cash in on employ exercise finesse fleece get mileage out of handle impose upon jockey make capital of make use of maneuver manipulate milk play play on profit by profit from put to use skin soak stick use utilize work excavation defend exploit Mining Jamie jamie artisan maker mechanic wright bumbler master apprentice artificer blacksmith journeyperson machinist manufacturer skilled worker smith specialist technician journeyman craftsperson craftsman Smith SMITH Rio rio RIO 'rio tinto tintos Tinto fortify gird brace prepare embolden hearten harden cheer inspirit ready rally animate buck up weaken let go fail bandage bind bolster buttress fasten hold up prop reinforce shove steady steel strap strengthen support tie 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