There is no immediate threat to billions of dollars of investment in new mines and jobs despite Australia's iron ore giants copping a brutal share price hammering.
Analysts said new mines under development by Rio Tinto, BHP and Fortescue Metals Group were unlikely to be delayed or postponed indefinitely by the stockmarket meltdown.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
