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Iron giants: Gina’s gunning for Twiggy, and it ain’t gonna be pretty

Gina Rinehart is about to start pumping out 55 million tonnes a year of iron ore from her Roy Hill mine. This is very bad news for Fortescue.

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What the heck is horizontal fiscal equalisation, and why does WA hate it?

Western Australia is particularly upset with the way the federal government distributes GST revenue. Does it have a point? Crikey intern Sophie Thomas explains.

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Business bites: China crash hype … iron ore gripe … car family swipes …

Is China’s economy crashing? Not so fast. Plus other business tidbits of the day.

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How Big Iron’s mistake cost you billions

Grave miscalculations about China’s domestic steel production have landed Australia’s iron ore sector in deep slag.

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Is it time for Twiggy to play his Chinese joker?

The price of iron ore is still falling, with Fortescue Metals Group facing total wipeout. But there may be a way to save the company — look to the East …

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Business bites: boom town … dollar down … world renown …

Maybe we shouldn’t be idolising the UK economy quite so much. Plus other business tidbits of the day.

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Twiggy’s ‘cartel’ won’t turn Fortescue around — not for all the steel in China

A combination of inaccurate economic forecasting, a demand-side slump, and erratic behaviour from its chairman, Andrew “Twiggy” Forrest, has left iron ore miner Fortescue Metals Group in dire straits.

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Business bites: panic in Greece … gas projects cease … iron ore decrease …

It won’t be a very happy Easter in Greece, with the country due to repay a 45 million euro loan by April 9. Plus other business tidbits.

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Fortescue Metals moves to rescue falling share price, but too late?

Andrew “Twiggy” Forrest’s Fortescue Metals Group will need to move soon if it’s to avoid serious financial strife caused by the ongoing downturn in the global iron ore market.

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Business bites: euro down … China’s reason to frown … banks go to ground …

The euro is edging closer to parity with the US dollar. And other business tidbits of the day.

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Business bites: Rio ‘streamlines’ … coal price declines … Glencore shuts its mines …

Rio Tinto’s “streamlining” is great for shareholders — less so for workers. And other business tidbits of the day.

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Business bites: Cashies cash-strapped … Aurizon’s cash trapped … spot price recap ….

Cash Converters, ironically, is strapped for cash. And other business tidbits of the day.

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Business Bites: Melco profits smashed … iron ore crash … Fifty Shades of Cash …

James Packer’s Macau casino faces falling profits. And other business tidbits of the day.

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Business Bites: China slows … US grows … Abbott’s woes …

China’s economy slumps in line with falling commodity prices. And other business tidbits of the day.

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Business as usual not enough in a disappointing MYEFO

With deficits as far as the eye can see, the government needs to work out how to encourage business investment. Crikey writers Bernard Keane and Glenn Dyer explain.

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Evolve ore die — the grim future of Australia’s steel industry

The latest trade figures from China are in — and it’s not good used for our beleaguered Treasurer.

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It’s not just iron ore and coal — tumbling commodities will hurt Hockey

Falling commodity prices and even bond rates will undermine the government’s budget planning, Glenn Dyer and Bernard Keane write.

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Iron ore miners, beware: China is not going to keep buying our resources

China’s economy is slowing, and its housing market is in the toilet. While Treasury forecasts suggest everything is fine, underneath the surface the cracks are beginning to show.

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Don’t look now, but the price of iron ore is rising

The sky is falling and iron ore prices are crashing, right? Not exactly …

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Guinea, Gina and the giant gifts enjoyed by miners

While Gina Rinehart demands that governments get off the back of the beleaguered mining industry, it is enjoying massive subsidies from state governments.

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Who is John Galt?

Crikey readers have their say on submarines, the real threat of Islamic State and the selflessness of mining companies.

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Why manufacturing navy submarines overseas is the wrong move

Crikey readers have their say on military procurement, mining companies and other issues of the day.

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BHP, Rio Tinto deliberately sinking the price of iron ore

It’s not greedy unionists or meddling governments that have caused a slump in iron ore prices — the smoking gun is in the hands of Rio, BHP, Fortescue and Vale.

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Where did it go so wrong for NT miner Western Desert?

Western Desert is the latest victim of the iron ore crash, sure, but is there more at play?

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Iron ore prices are down, down — and it’s going to get a lot worse

The Chinese building boom was unprecedented in scope and swiftness. The bad news? The bust will be of the same magnitude.

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