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| | | ... Murchison Metals fell 6.5 cents, or 8.5 per cent, to 70 cents after the company said costs at the embattled Oakajee port and rail project had blown out. National turnover in Australia was 995 million securities worth $1.5 billion, with 628 stocks up ... |
| | | | Australian shares have opened slightly weaker, despite positive leads from the US and Europe, after a strong day of local trading on Monday. At 1010 AEST, the benchmark S&P/ASX200 index was down 6.5 points, or 0.14 per cent, at 4,578.5, while the broader ... |
| | | | ... Fairfax Media dropped 1.5 cents, or 1.47 per cent, to $1.005. In news on Monday, Gindalbie Metals says it has signed a 10-year rail haulage agreement with QR National worth $900 million to transport iron ore from the Karara project near Geraldton in ... |
| | | | ... GDP growth is higher than that of China, is set to undergo huge local infrastructure development with the doubling of its rail network and increased demand for 'western standard' housing. |
| | | | ... September 30 and be replaced by Grant O'Brien, who is chief operating officer of the Australian food and petrol division. Rail operator QR National improved four cents to $3.46 as it said that about 660 QR National staff had accepted voluntary redundancies ... |
| | | | ... not to inform shareholders about a $1 billion blow-out in the estimated capital cost of its joint venture Oakajee Port and Rail development. Murchison's shares plunged four cents, or 3.83 per cent, to $1.005. |
| | | | ... up 19 cents at $51.91. In other equities news, QR National Ltd has approved a $185 million expansion of the Goonyella coal rail network as part of a major expansion of the Hay Point Coal Terminal, near Mackay in Queensland. Shares in QRN were steady ... |
| | | | Global infrastructure funds managed by Colonial First State Global Asset Management (CFS GAM) and RARE Infrastructure have increased their teams on the back of fresh mandate wins. Colonial First State Global Asset Management's global listed infrastructure ... |
| | | | ... board at WA-based super fund GESB. The $11.5 billion fund appointed Langoulant, chief executive officer of Oakajee Port & Rail, for a five-year period from March 7, 2011. "Langoulant's extensive government and private sector experience will be invaluable ... |
| | | | Investment group JB Global is offering a second capital-protected fund investing in Warren Buffet's Berkshire Hathaway. Berkshire has produced an average compounded gain of 20.2 per cent in book value every year since 1965. Buffet, the world's most ... |
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