25/07/2008 - 06:44

Today's Business Headlines

25/07/2008 - 06:44

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Rio-Stokes deal good news for Pilbara ore minnows; Seven adds to WAN stake under 'creep' provisions; BHP contracts rattle WA unions; Iron ore sale plan to fund Moly Mines molybdenum project; Rates pain to persist, CBA warns

Today's Business Headlines

Rio-Stokes deal good news for Pilbara ore minnows
The Pilbara's emerging iron ore sector is set for a massive boost after Rio Tinto and the Kerry Stokes-controlled Iron Ore Holdings signed a mine gate sales deal that will allow the junior to develop its otherwise stranded deposit. The West

Seven adds to WAN stake under 'creep' provisions
Kerry Stokes' Seven Network has reinforced its intent to win control of West Australian Newspapers by "creeping" up the share register, yesterday revealing it had lifted his stake in the publisher to more than 22 per cent after a fresh round of buying. The West

BHP contracts rattle WA unions
Unions are worried that a new non-union collective agreement struck at BHP Billiton's iron ore operations in Western Australia gives employers a template for sidestepping the new law phasing out Australian workplace agreements. The Fin Review

Iron ore sale plan to fund Moly Mines molybdenum project
Moly Mines is eyeing a third-party deal over its iron ore assets that could help it circumvent tough equity markets to fund its $1.1 billion molybdenum mine ambitions. The West

Rates pain to persist, CBA warns
Interest rate pain could persist even if the Reserve Bank reverses a long cycle of official rate increases, Commonwealth Bank chief executive Ralph Norris says.The Australian


THE WEST AUSTRALIAN

Business: The Pilbara's emerging iron ore sector is set for a massive boost after Rio Tinto and the Kerry Stokes-controlled Iron Ore Holdings signed a mine gate sales deal that will allow the junior to develop its otherwise stranded deposit.

Kerry Stokes' Seven Network has reinforced its intent to win control of West Australian Newspapers by "creeping" up the share register, yesterday revealing it had lifted his stake in the publisher to more than 22 per cent after a fresh round of buying.

Moly Mines is eyeing a third-party deal over its iron ore assets that could help it circumvent tough equity markets to fund its $1.1 billion molybdenum mine ambitions.

Newcrest's efforts to limit damage to its gold production from the Varanus Island gas explosion did not amount to much in the face of a sharp fall in the gold price.


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