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| | | ... return to full production. Fortescue Metals was 16 cents lower at $6.63 after it said it had shipped 11.5 per cent less iron ore in the March quarter from a year earlier, as heavy rain hit operations. Global miner BHP Billiton was off 81 cents at $48.74 ... |
| | | | ... Engineering firm Downer EDI dipped two cents to $3.75 as it won a $60 million contract with OneSteel Ltd to construct an iron ore beneficiation plant in Iron Baron, South Australia. National turnover at 1207 AEST was 1.71 million securities worth $2.2 ... |
| | | | ... to $44.62. That was despite an announcement by the resource giant that it would spend nearly $US10 billion to expand iron ore operations and energy and metallurgical coal projects in Western Australia. "I think part of the (selloff) is to do with this ... |
| | | | ... week a 71.5 per cent rise in first half net profit. Rio Tinto fell 25 cents to $87.40. Among other companies reporting, iron ore miner Fortescue Metals Group jumped seven cents, or 1.02 per cent, to $6.94 after booking a seven-fold increase in first ... |
| | | | ... Rio Tinto announced overnight that it would invest more than $US1 billion ($A988.88 million) at the group's existing iron ore operations in Australia and Canada. Mr Morrow said resources such as Rio were higher on positive leads from offshore trading. ... |
| | | | ... quarter production in Queensland was down 30 per cent from the September quarter, BHP said. It also said it achieved record iron ore production and shipments in the first half of the financial year, however. Rio Tinto was down $1.75, or two per cent ... |
| | | | ... Wednesday's trade saw Fortescue give back some of the eight per cent gains it made on Tuesday when it reported higher iron ore prices, boosting its operating margins in the December quarter. At noon, Fortescue was down six cents at $7.21. The other major ... |
| | | | ... a world financial centre as Oprah has shown that all the world wants from us is Kangaroos, Koalas, sunny beaches and iron ore. Or is that the wrong way to look at the frenzy now supposedly gripping the nation as Oprah Winfrey receives adulation normally ... |
| | | | ... comfortable now that we will get a few more months of rates on hold." Mr Kimber said resource stocks, in particular coal and iron ore miners, were propping the market up. "Rio Tinto is again holding the market up," he said. "Most of the brokers are coming ... |
| | | | ... up a huge chunk of our market. He thinks the market is "undercooking" commodity prices, in particular coking coal and iron ore, where supply has been constrained due to underinvestment. He said that the financial sector is facing a number of headwinds ... |
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