THE DISTILLERY: Iron ore improvements

One jotter explains BHP's efforts to shift the status quo on iron ore contracts, while others question the viability of the smaller miners.

So much of Australia’s prosperity is shaped by the iron ore price. But once upon a time, not too long ago, the steelmaking ingredient was priced via terribly inefficient annual contracts. The Australian Financial Review’s Matthew Stevens offers this reminder in his piece this morning, as other commentators look at the viability of some iron ore plays outside BHP and Rio Tinto, some big names and some small.

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