In Game of Thrones, one of my favorite shows today, you either win - or die. Usually via beheading.
Such is the same with iron ore miners.
In a industry with heavy debt, production continues with smaller players possibly undercutting prices to gain or retain market share but can they continue against larger players such as BHP and RTP or is the Game of Thrones strategy to give big players an M&A opportunity? ft.com takes a look.
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