Iron ore miners' war of attrition

Rio Tinto, Vale and BHP Billiton are flooding the market with iron ore in an attempt to send Chinese producers to the wall. But with government support, Chinese miners could keep going for some time yet.

BHP Billiton and Rio Tinto are in a fight to the death with Chinese iron ore producers, the latest manifestation of which is BHP chief executive Andrew Mackenzie's weekend declaration that he will dramatically expand Pilbara production.

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