Tagged: Rio Tinto

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Western Desert iron ore administration sign of broader economic strains

By Peter Ryan KordaMentha partner Mark Mentha said Western Desert, which operates in the gulf country of the Northern Territory, had been hurt by the falling price of iron ore at a critical time...

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Iron ore market risks 'disaster'

By Dow Jones newswires Labrador Iron Mines Holdings in Northeastern Canada this summer halted all operations, citing prices too low to accommodate costs. "Many medium and small suppliers will retreat from the market and...

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Mining sector weighs down share market

By Anita Savage BHP Billiton fell 37 cents to $35. 65, Rio Tinto was off 84 cents to $61. 30 and Newcrest Mining was more than 3 per cent lower at $10. 59. About...

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Iron ore prices head towards new low

By AAP But CMC Markets chief market strategist Michael McCarthy said the price slide was good news for low cost producers like Rio Tinto and BHP Billiton, which have a break even price of...

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Rio's Oyu Tolgoi names new CEO

By Michael Roddan Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen...

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Markets Live: Banks drive falls

On the local market, shares are poised to open little changed ahead of retail sales and trade data after a weak lead from Wall Street. • AUD at 93. 45 US cents, 97. 88...

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Markets Live: The teflon Aussie

On the local market, shares are poised to open little changed ahead of retail sales and trade data after a weak lead from Wall Street. • AUD at 93. 45 US cents, 97. 88...

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Share market closes flat on poor mining trade

By Anita Savage Others to record gains included Telstra, up 1 per cent, and Qantas, which closed 2 per cent higher. Market heavyweight BHP Billiton was down 2 per cent as it traded ex-dividend...

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Tag Pacific joins Rio Tinto solar project

By John Conroy Tag will join First Solar in building the first stage of the ARENA-supported project 1. 7 megawatt solar PV project, which will serve the remote Weipa bauxite mining operation and associated town. "By...

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Iron ore sees fresh two-year low

By Daniel Palmer As a result benchmark iron ore for immediate delivery to the port of Tianjin in China is currently trading at $US87. 10 a tonne, down almost one per cent from its...