Oil's well

WHILE it is the bain of parts of the resources industry, the fall in the oil price has provided a boon to iron ore players, reducing the costs of shipping their product to market.

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The fall in the oil price has been a boon to iron ore players, reducing the costs of shipping their product to market.

The continuing slump in world oil prices has brought much needed comfort to the Australian iron ore industry.

The big miners are saving tens of millions of dollars on bunkering fuel for bulk carriers.

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