President Iron Ore, Jimmy Wilson, said any action by MUAmembers would have severe consequences for Australian exports and would damagethe country’s international reputation, and its overall national interest.

“Industrial action by the MUA will stop all shipments outof the port and cost exporters like BHP Billiton, Fortescue Metals Group andAtlas Iron about AUD 100m ($92.6m) a day.

“Mining companies will not be able to make up theshipments lost during industrial action, and governments cannot recover thelost royalties and taxes.