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AUSTRALASIA

Rinehart urges Australia to take lessons from Singapore

Friday , 17 May 2013
Gina Rinehart told a mining conference in Melbourne on Thursday that Australia could learn from the successful economic policies of Lee Kuan Yew, who transformed Singapore.

Get in on the mining boom, Australia tells developing nations

Thursday , 16 May 2013
Some 30 ministers from Asia, Africa and the Pacific will attend two conferences in Sydney next week to get the most out of the industry.

Gold mining boss turns up the heat on the sector

Thursday , 16 May 2013
Amidst falling prices and increasing operational costs, Northern Star Resources MD Bill Beament has called for the gold sector to reinvent itself.

Brockman puts heat on Fortescue to haul its iron ore

Thursday , 16 May 2013
Brockman has applied for access to Fortescue’s iron ore rail line Western Australia, a move crucial to its efforts to start producing iron ore.

New BHP, Rio Tinto bosses woo investors with austerity talk

Tuesday , 14 May 2013
BHP’s Andrew Mackenzie and Rio Tinto’s Sam Walsh wooed investors Tuesday with promises to slash billions of dollars of spending and press ahead with asset sales.

Intrepid defends bid to reclaim Indonesia gold project

Tuesday , 14 May 2013
Intrepid was evicted from the Tujuh Bukit project last July and is fighting its ex-partners to secure rights to the project.

Rio Tinto ordered to pay old royalties to Rinehart/partner

Monday , 13 May 2013
Rio Tinto has been ordered to pay Rinehart's Hancock Prospecting and former partner Wright Prospecting royalties on production from two iron ore deposits in Pilbara.

Carlyle bids for Rio Tinto stake in Australian copper mine

Friday , 10 May 2013
Carlyle has submitted a bid for Rio Tinto's 80% stake in the Northparkes copper mine, says news agency Dow Jones.

Rio Tinto sees Mongolia nod for copper exports soon

Thursday , 09 May 2013
The global miner could be two weeks away from gaining Mongolia’s approval to ship copper from its Oyu Tolgoi copper-gold mine.

Mine sales in bear market bring private equity out on the prowl

Thursday , 09 May 2013
About $48 billion of mines and assets are on the block, almost double last year’s $23 billion of completed and pending deals, according to Bloomberg.

Victoria’s latest state budget commits to mining

Wednesday , 08 May 2013
The Victorian Government in Australia has announced it will spend $31.7 million over the next 4 years on programs designed to build and sustain its mining industry.

Rio Tinto to press on with iron ore expansion plans

Tuesday , 07 May 2013
The company’s board is however not expected to make a final decision on the expansion plans, estimated to cost up to $5 billion, until later this year.

Australia’s mining tax forecasts slashed

Monday , 06 May 2013
New figures from the Parliamentary Budget Office show the tax is now expected to deliver less than half of the government’s forecast announced late last year.

Port Hedland iron ore exports to China edge up in April

Monday , 06 May 2013
Ore shipments to China climbed to 19.3 million tonnes in April from 19.1 million in March, data released on Monday by the Australian port showed.

Xstrata idles Australia nickel mine as reserves dry up

Friday , 03 May 2013
The miner plans to close down its Sinclair nickel mine this month due to dwindling reserves and weak global prices.

Spot Gold USD/oz	1,359.60	-1.98%
Spot Silver USD/oz	22.25	-1.82%
Spot Platinum USD/oz	1,450.00	-2.23%
Spot Palladium USD/oz	735.25	-0.17%
LME Copper USD/t	7,330	+3.30%
LME Aluminium USD/t	1,841	+2.11%
LME Nickel USD/t	14,855	+0.58%
LME Lead USD/t	2,003	+1.83%