Cazaly and HWE partner for new mine
Cazaly Resources has reached an agreement with Leighton Contractors subsidiary HWE Mining, bringing the Parker Range iron ore project at Yilgarn a step closer. In a joint statement, Cazaly and HWE said that there is a mutual benefit in combining their respective experience to develop the project. The agreement provides a framework for co-participation, including associated contracting required to deliver iron ore to the rail head.
Perth house prices continue to weaken
Perth's median house price continues to track behind other capital cities with prices falling nearly 1 per cent in April, according to the RP Data-Rismark Hedonic Home Value Index. RP Data's director of research Tim Lawless calls it "the lowest monthly capital gain since the end of the GFC-induced downturn in December 2008." The nation's home prices across the eight capital cities rose in April, on average, 0.2 per cent.
Govt uses emergency powers to back tax
The Rudd government has taken the extraordinary step of invoking national emergency powers to launch an advertising blitz aimed at countering miners' fierce campaign against the resource super profits tax. Special minister of state and cabinet secretary Joe Ludwig has allowed the government to breach its own advertising guidelines to launch a national campaign.
Canberra, not mining, got us through GFC
Treasury secretary Ken Henry has challenged the belief that Australia's mining industry saved the nation's economy during the GFC, telling a Senate hearing Canberra's economic policies were more to thank for the survival. "I've heard it said on a number of occasions, in fact I have lost count, that the mining industry saved Australia from recession," Dr Henry told the hearing.