manus: bob parker from credit suisse. producers the fight for survival. and an already saturated market has more to deal with, as the mine owned by the world's richest woman. l: four years ago, the iron ore in australia was fetching more than $190 a ton, fueling an unprecedented resources boom. today, and the grip of a global commodities crunch, those good times are long on. graph, thisat this is the price of iron ore over the past year. and here is the past metals, australia's biggest and lowest cost sinking along with agreed. the question is, how low can ago? the headwinds that pushed it down to under $40, it is still very much in play. and that is we are still saying not a cascade of new supply coming on, but the window of supply coming on from projects that were started some years ago. paul: among those is a new low-cost producer, backed by australia's richest woman, gina rinehart. she will realize a long family dream when the first or ships out. it is australia's sanest iron ore mine, capable of exporting millions of connie. david: over the next two