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Rio Tinto said most analysts were forecasting the iron ore price to average US40–50 a tonne next year. Rio Tinto cut 170 jobs from its Pilbara operations in March. The latest cuts come in the wake of a proposal by West Australian Nationals leader Brendon Grylls to hit big mining companies with a 5pertonne iron ore tax.
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Scraps are then melted down for reuse in the production of new iron and steel production. More Info Sources. Metals Signage. 1. Hyder Consulting (2009) Waste and Recycling in Australia: Amended report. Hyder Consulting, Melbourne, p. 134 2.
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PricewaterhouseCoopers says its studies have shown efficiency of use of mining equipment in Australia has dropped. Within the iron ore sector, the productivity of iron ore mining equipment has fallen 40 per cent in the past four years. Jock O'Callaghan is PwC's energy, utilities and mining leader.
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