The price of iron ore has fallen below $US70 a tonne for the first time since 2009.
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Andrew Forrest buys up more FMG shares
The value of FMG shares have fallen by around 48 per cent this year, and Andrew ‘Twiggy’ Forrest stepped in to buy $11 million worth of them last week.
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Gina Rinehart says Australia would not survive without mining
Gina Rinehart said the negativity aimed at the mining industry needs to stop, stating Australia would be unable to survive without the sector.
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BHP to cuts costs by $US2.3bn
BHP Billiton is targeting its cash costs and has re-shuffled some the company’s top jobs in order to prepare for the upcoming demerger.
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Monadelphous revenue hit as mining investment peaks
Monadelphous said slow activity in the mining sector had led to a 10.9 per cent fall in sales revenue for 2013/14.
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BHP says massive iron ore expansions over
BHP said it is done with iron ore expansions but that it is not worried about the record low price the commodity has fallen to.
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Iron ore hits the dreaded $US70 a tonne mark
Investors are ditching iron ore miners as the price of the commodity tumbles to a new five-year low of $US70 a tonne.
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AGL becomes AGL, again….
AGL has regained its AGL ticker code on the ASX.
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Orica sees growth in NPAT
Orica has recorded a positive NPAT in its latest results, but is still eyeing off 700 job cuts in the coming year.
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Orica sells chemical division
Orica has sold its chemicals business to private equity groups for $750 million.
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Iron ore hits new low record
The price of iron ore has weakened again overnight as it slides towards predicted lows of $US70 a tonne.
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Mining companies spend $13.6 billion in NSW
According to a new survey, 22 mining companies in NSW spent more than $13.6 billion in the state during 2013/14.
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Gold sees a rally
The price of gold has seen an upwards swing following a week of poor prices.
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Queensland government to help fund Galilee coal mines
The Queensland government is set to help fund new coal mines in the Galilee Basin in a bid to entice investment banks to back the projects.
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BHP won’t sell Nickel West assets
BHP has announced that it will not sell its Nickel West assets after it was unable to find a buyer on its terms.
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Aurizon carries out share buyback
Aurizon has announced it will carry out an on-market buy back of its shares.
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Iron ore predicted to fall to less than US$60
Citigroup is forecast the iron ore price will fall below the US$60 per tonne watermark next year.
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Continuing gold backwardation may cause a new financial crisis
The University of Melbourne's Fraser Murrell investigates the potential for gold 'backwardation' to lead to a new GFC and increase in the gold price.
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Yancoal to keep head above water with capital notes offer
Yancoal will receive a $2.8 billion investment injection from Yanzhou Coal to keep it going as the industry waits out low commodity prices.
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Iron ore race to the bottom not in the interests of Australians
The current slide of iron prices will hurt more than just miners.
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