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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

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.


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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