Mid-tier Australian iron ore miners struggleing to survive

Since the collapse of the share markets around the globe in late 2008, a great many of Australia's mid-to-small mining companies are feeling the pinch in the hardest way. Most of them are at a finishing-up stage where their initial productions are expected to start somewhere in 2009. Then came the world's economic downturn. It is likely that more and more mergers & acquisitions will occur this year. This year will be quite interesting to watch the Australian iron ore industry.