Crash poses no immediate threat to mine projects

There is no immediate threat to billions of dollars of investment in new mines and jobs despite Australia's iron ore giants copping a brutal share price hammering.

The Australian Financial Review is reporting that analysts said new mines under development by Rio Tinto, BHP and Fortescue Metals Group were unlikely to be delayed or postponed indefinitely by the stockmarket meltdown.

They are counting on any slide into recession being short-lived and mitigated by stimulus packages from China and US president Donald Trump as he seeks re-election.

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