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Senate candidate Luke Bolton (left) and South Australian Senator Nick Xenophon. Photo: Attila Csaszar

Xenophon brings campaign to WA

South Australian Senator Nick Xenophon has today revealed the local Senate candidate for his political party Nick Xenophon Team, which is to contest the next federal election, while renewing his call for an inquiry into the cause of the dramatic recent fall in the iron ore price.

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Comments

perth
With regards to Australia’s natural resources ,the Australian government and Mr. Xenophon need to business with Russia full stop. Mining ,Agriculture ,Manufacturing etc .etc. etc .you will find the market more negotiable ,reliable ,trustworthy and better for all Australia. In general turn trade with Russia and it will be Australia’s best move in History

Mr Xenophon, I believe the money could be better spent by building more infrastructure rather than an on enquiry as to why the supply and demand principle still applies. That at least will provide jobs for workers rather than politicians.

Germany
He's right of course. This isn't your standard principle of capitalism, the big 3 have literally flooded the market with iron ore, crushing competitors world-wide, muscling them out. Yay, an iron ore oligarchy! That will be good for capitalism in Australia.... right?

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483rdWestpac-2%13%
497thTelstra-4%21%
513thCommonwealth Bank-7%14%
599thWoolworths-19%-1%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

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13/12/13
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Total value as at the date of the transaction
Source: Morningstar

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7th↑Westpac$21,642.0m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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