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Iron Ore ScienceDirect This drop in iron ore price is attributed to a cooling of the Chinese economy and an oversupply of iron ore from the major iron ore producers.This has put considerable pressure on the higher cost iron ore producers to reduce costs,and even the major producers such as BHP Billiton,Rio Tinto,Vale,Fortescue Metals Group (FMG),and Kumba Iron Ore at the lower end of the cost curve are under. Solution Yantai Jinpeng Mining equipment,ore dressing, More than 30 kinds of solutions can be chosen for the metal,non metal and tailings,our experts working in the laboratory to research the best solution for mine samples each day Best solution + best design + best research,that could create a best mining iron ore mining process equipment thealex.co.za iron ore mining process equipment.By Xinhai;.Iron ore price jumps 5.2%,coking coal rises to levels last seen during cyclone Debbie as Chinese mills restock. 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