Australia’s iron ore industry has hit a slump after decades of boom fuelled by rampant demand from China. This is threatening the livelihoods of thousands of miners and entire communities dependent on these vast opencast mines.
At Perth Airport, jut after 5 o’clock in the morning, the boarding gate is a sea of fluorescent yellow and blue. This is a regular shuttle service to Fortescue Metals’ Cloudbreak mine – the passengers are fly-in-fly-out workers and they come dressed for the job.
In just under two hours they’ll land 11,000km (6,800 miles) away at one of the giant iron ore mines in the Pilbara, where the red dirt hides untold riches.
But times have changed. The price of ore has plummeted, down around 70% from its 2013 peak.Every mine worker boarding Flight 1970 knows what that means: cost cuts. They’ve seen hundreds of millions of dollars worth of cuts across the industry already and more are likely to come.
