Cotton & Western Mining Inc. (CWRN)

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I posted a chart from an independent article elsewhere showing
big boys had costs to put ore in china of ca 45-77
fortecsue really hurting w average such costs of 77
and australia has 30% export tax

costs of production are less than total costs and from the independent article chart i posted many times and dd on cwrn, cwrn pro costs were less than average or median at least in that chart of ca 12.50- e.g buying million dollar equipment very cheap used and rebuilding themselves like the 375 cat ex
that was 3 years ago- dont know what cwrn's costs are now


the following article is part of what the biggies are starting to reap as a result of their flooding the market in an attempt to eliminate others and gain a greater market share;
Weak iron ore prices caused Vale a $1.44 billion net loss during it third quarter.
my sources arent just named-i've got the entire article

Vale iron ore chief abandons ship amid price crisis
Cecilia Jamasmie | November 17, 2014

Vale iron ore chief abandons ship amid price crisis

Vale's Carajás, the largest iron ore mine in the world.

Brazilian mining giant Vale (NYSE:VALE), the world’s largest iron ore miner, said Monday its ferrous business chief Jose Carlos Martins, has left the company “to pursue new challenges,” and has been immediately replaced by base-metals head Peter Poppinga.

Martins, 64, joined the company in 2004 and he was the Rio de Janeiro-based firm’s longest-serving executive director. A company spokeswoman told MINING.com his departure was not unexpected as, under Vale’s governance rules, executive officers end their terms at the age of 65.

“Vale believes Peter’s track record of productivity increases and achievements in cost reductions in the base metals business will serve him well in making the iron-ore business even more competitive,” the company said in today’s statement.

Jennifer Maki will take over as executive director of base metals, replacing Poppinga, Vale added.

The move comes as iron ore prices are hitting historical lows

The move comes as iron ore prices are hitting historical lows, dropping to 2009 levels last week, and Vale’s share tumbled down to the lowest in eight years after Citigroup Inc. recommended selling the stock on the deteriorating outlook for iron-ore prices.

On Nov. 10 the group slashed its iron ore price forecast for 2015, saying it could easily drop below $60 per tonne — the most bearish estimate yet from a financial institution on the steelmaking raw material.
Vale iron ore chief abandons ship amid price crisis

Source: IndexMundi.

Weak iron ore prices caused Vale a $1.44 billion net loss during it third quarter. The company was also rumoured to be close to losing its chief executive officer Murilo Ferreira, since newly re-elected Brazilian President Dilma Rousseff would appoint him as her new finance minister. However, Vale's spokeswoman said Ferreira had denied such rumours during a press conference call held Oct 30 to comment on the company’s Q3 results.