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BIS Shrapnel Predicts Mining Decline

According to economic forecaster BIS Shrapnel, mining and heavy industry construction, which accounts for one third of Australia’s A$25 billion ($21 billion) building sector, is expected to drop 3 percent in the 12 months ending June 30, 2011.

9 Jun 2010

ASIC Sends Warning to Miners on RSPT Exaggeration

Australian Securities and Investments Commission (ASIC) acting chairman Belinda Gibson has made it clear that the ASIC will not take kindly to miners who are exaggerating the impact of the mining super tax (RSPT) on their projects.

From Cape Lambert Resources Ltd 9 Jun 2010

Rudd Gets Community Taste of Mining Tax Opposition

A community cabinet meeting in Western Australia in Perth last night gave Prime Minister Kevin Rudd a chance to answer concerns over the new mining super profits tax. There were protests with placards at the community ca...

From Fortescue Metals Group Ltd 9 Jun 2010

Kevin Rudd Holding Secret Meetings With Major Mining Bosses

The Australian Prime Minister Kevin Rudd is getting concerned about the mining industry and this is reflected in his secret meeting with Marius Kloppers, the BHP Billiton boss.

From BHP Billiton Plc 9 Jun 2010

Reserve Bank Member Says Mining Tax May Hurt Economy

Jillian Broadbent, a member of the Reserve Bank Board feels that the Australian government’s proposed resource super profits tax is going to affect the mining sector besides the rest of the economy and 'shake u...

9 Jun 2010

Labor MP Lyn Breuer Says Super Profits Tax Will Take Whyalla off the Map

The planned mining tax would adversely affect the OneSteel mill which is a major employer in Ms Breuer’s Whyalla region.

From BHP Billiton Plc 8 Jun 2010

Newcrest Completes Due Diligence on Lihir Takeover

On Tuesday Newcrest released a statement saying that it has completed the due diligence process to takeover its rival Lihir Gold Ltd. Lihir must now contribute to the proposed merger of the two companies by entering a exclusivity period with Newcrest.

From Newcrest Mining Limited 7 Jun 2010