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Australia's iron ore industry faces threat of parliamentary inquiry

It comes amid claims that world's biggest miners are flooding market to drive smaller competitors out of business

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Budget figures last week showed that Australia's forecast tax receipts will be cut by A$52 billion over the four years to 2017-18, largely driven by the plunging iron ore price.

Sydney

THE huge iron ore industry in Australia faces the threat of a parliamentary inquiry amid claims the world's biggest miners, including BHP Billiton and Rio Tinto, are flooding the market to wipe out smaller competitors.

The steel-making commodity is the nation's largest

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