Port Waratah Coal Services is feeling the pinch of the coal downturn, confirming it will ship less coal this year.
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Mining exports down $16bn
Lower commodity prices will shave $16 billion off mining and energy exports this year, according to a government commodities and economics researcher.
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Mining boom transitions to the next phase
With resource exports overtaking construction imports stage three of Australia’s mining boom has arrived.
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First project dumped under Glencore Xstrata
Glencore Xstrata have dumped plans to develop a coal export terminal on Balaclava Island, blaming the decision on poor market conditions.
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Port Hedland iron ore exports on the rise
Iron ore exports from Port Hedland rose 4% in April, as shipments to Taiwan more than double.
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Chinese convertibility not much help to miners
The Australian dollar is set to be the third currency fully convertible against the Chinese yuan a move which will lower business transaction costs.
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Rio completes asset sale, mulls Argyle restart
Rio Tinto has continued its debt repayment efforts by divesting several Alcan Packaging divisions to Amcor for $1.95 billion.
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