Industry News
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Rinehart says mining industry is not a bottomless cash machine
Australia’s richest person, mining magnate Gina Rinehart, has warned government that the country’s resources industry is not a bottomless cash machine.
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NWR to take “aggressive steps” to reduce costs after plunging to loss
European-focused coal producer New World Resources plc (NWR) will make group-wide salary cuts, axe jobs, slash expenditure and divest assets after it reported an €80 million (US$102 million) loss for the March quarter.
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US bank authorises US$500m loan for Oyu Tolgoi
The Export-Import Bank of the United States said its directors had authorised a US$500 million loan for development of Rio Tinto’s Oyu Tolgoi copper-gold project in Mongolia.
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Anketell port gets federal environmental approval
Aquila Resources Ltd said the Anketell Port proposal had been approved by Australia’s federal environmental authorities.
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Antofagasta’s hit by lower copper prices
Chilean copper producer Antofagasta reported a 29.3% drop in earnings for the March quarter as lower copper prices outweighed higher sales volumes.
The Australian Mine Ventilation Conference
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