Iron Ore Price Surges, Market Remains Volatile

PERTH, AUSTRALIA--April 29, 2015--Researched by Industrial Info Resources Australia (Perth, Australia)--It's no secret that Australia's iron ore situation is extremely dire, as miners continue their desperate struggle to remain afloat. Thousands of jobs in the mining industry have been lost since early 2014, and with Atlas Iron Limited (ASX:AGO) (Perth, Western Australia) recently suspending production across its mining operations, a further 600 jobs have been put at risk. Geologists and engineers are unable to find and keep work as the mining industry shifts from the construction to production phase.

Within this article: Details on Australia's struggling iron ore market, including proposed government action.

Other companies featured: BHP Billiton plc (NYSE:BHP), Rio Tinto plc (NYSE:RIO)