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Hey - not that this is really news, but here is an article that appears on BBC this morning - http://www.bbc.com/news/world-australia-32313604
With coal mining communities already struggling, iron ore towns are now feeling the first wave of shocks that will ripple through Australia's economy.
One such town, Port Hedland in Western Australia's remote Pilbara district, has seen hardship before but this time round it will be tough, according to Port Hedland Chamber of Commerce managing secretary Arnold Carter.
"Everyone is worried," the 87-year-old former deputy mayor told the BBC.
"Fear of the unknown is the biggest handicap. Miners won't spend when they can't see past the end of next week."
With coal mining communities already struggling, iron ore towns are now feeling the first wave of shocks that will ripple through Australia's economy.
One such town, Port Hedland in Western Australia's remote Pilbara district, has seen hardship before but this time round it will be tough, according to Port Hedland Chamber of Commerce managing secretary Arnold Carter.
"Everyone is worried," the 87-year-old former deputy mayor told the BBC.
"Fear of the unknown is the biggest handicap. Miners won't spend when they can't see past the end of next week."