(Bloomberg) -- The world’s biggest miners, having cashed in on China’s once-rampant demand for iron ore, are starting to reel from the impact of their main customer’s economic struggles.

Investors are preparing for a new era of slumping profits and hefty dividend cuts by the world’s largest miners as iron ore markets brace for a flood of supply to trigger a collapse in prices.

Phil Renforth, Professor, Research Centre for Carbon Solutions, Heriot-Watt University Professor Phil Renforth adds, “The UK has around 180 million tons of slag ... grade iron ore, we can ...