Iron Ore Slump Presents Takeover Targets

The video discusses the challenges faced by high-cost iron ore producers, with some exiting the market. It highlights the impact of falling iron ore prices on both large and small mining companies. The entry of Gina Rinehart's Roy Hill mine into the market is also covered, noting the timing and potential challenges due to low prices.

Which of the following companies has seen its share price drop by 89%?

• BCI

• Atlas Iron

• Gindele Be Metals

• Rio Tinto

At what iron ore price do Rio and BHP start to face challenges?

• Below $40 per ton

• Below $50 per ton

• Below $70 per ton

• Below $80 per ton

What percentage of the Roy Hill mine is owned by Hancock Prospecting?

• 60%

• 50%

• 80%

• 70%

When are the sales from the Roy Hill mine expected to begin?

• October 2015

• September 2015

• August 2015

• July 2015

Which industry is Gina Rinehart entering that is considered more fortuitous?

• Iron Ore

• Gold

• Coal

• Dairy