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The rebalancing act: why iron ore is giving Hockey headaches

Joe Hockey may have to go back to the numbers on iron ore. The decline in prices is accelerating, making his assumptions on returns out of whack.

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Richard Farmer’s chunky bits

The Financial Times has drawn attention to the way that iron ore prices this week have bucked the downward trend in commodity prices as measured in $US.

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Connecting the dots: why iron ore prices could make life difficult for Tony and Joe

Changes in the way iron ore prices are set have implications for our terms of trade — and perhaps for a new government after September.

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Australia, Rio Tinto joined at the broken hip of iron ore

Rio Tinto is over-exposed to iron ore prices that have collapsed over the last 12 months — just like the Australian economy. David Llewellyn-Smith of MacroBusiness wonders if there’s any way out.

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Takeover gone bad: how Tom, Rio got in over their heads

There was a US$14 billion bounty on Tom Albanese after Rio Tinto was forced to writedown the value in its operations. The CEO and his board stand condemned for getting in over their heads.

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The $17b iron ore slump that lined Chinese pockets

The slump in iron ore prices boosted the Chinese economy — but robbed Australian exporters like BHP and Rio Tinto of significant revenue in 2012. But the tables are turning.

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If we ride on the back of iron ore, the recovery signs are good

Iron ore prices have staged a remarkable comeback, boosted by a stronger Chinese economy and favourable weather conditions. It could deliver a bigger windfall to Australia than anyone thought.

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All Australia wants for Christmas is stronger iron ore prices

Iron ore prices — key to Australia’s economic recovery — hit a six-month high last week. But the days of 10% growth in China are over, as the country ramps up its own mining operations. Are the salad days of iron ore prices over?

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Rinehart’s lessons for small business: just earn more money

Gina Rinehart has put out a new book, with much fanfare. While there are still no copies of the book in sight, we’ve sifted through her speech launching the book to discover seven gems from Gina.

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Gina Rinehart $9b lighter after a bad bet on iron ore

Gina Rinehart’s value might need readjusting when they compile the next Rich List. The fall in the iron ore spot price will be causing her significant headaches.

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Olympic Dam the warning of an Asian slowdown

Slowing Asian economic growth mean more projects than Olympic Dam are likely to be put on hold, writes Glenn Dyer and Bernard Keane.

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The seven sins of BHP boss Marius Kloppers

From bad deals to management absurdities, the BHP Billiton chief Marius Kloppers’ offences may never be forgiven. There’s only one chance to save his job, writes James Kirby at Business Spectator.

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China holds steady but India looms as big buyer iron ore buyer

Falling Indian exports will support global prices and maintain demand from China.

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Bartholomeusz: making sense of a Murchison success

When former AGL chief executive Greg Martin accepted the role of Murchison Metals chief executive mid-year, he made no bones about what his role was.

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Twiggy’s got some friends in high places

You don’t become one of Australia’s richest men without a making a few friends in some pretty high places. And West Australian resources entrepreneur Andrew Forrest certainly has some good ones. So, just who are some of Twiggy’s friends? And what have they done for him lately?

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The Australian | ECONOMY|

Stutchbury: Why nobody picked the rate rise

Before heaping blame on the RBA’s rate rise people need to remember that Australia’s economic circumstances are rapidly changing. Asian demand for our iron ore will drive a massive mining boom and the RBA is determined to keep inflation under control, writes Michael Stutchbury.

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NZ Herald | ECONOMY|

Why China is really pumping billions into Australia’s mining industry

China is investing in Australia’s start-up mining companies in an effort to undermine BHP and Rio Tinto. Many Australians have become overnight billionaires, but where will this ride on the great dragon lead us?

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We’ll all pay for BHP’s, Vale’s big iron ore price wins

Prices for steel products could rise 20%-30% worldwide thanks to new contract deals stuck by BHP and Vale in Asia and Europe.

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The Stern Hu effect: the answer to the joke is blowing in the wind

The Chinese were, of course, joking about the financial impact of the actions of former Rio Tinto executive Stern Hu and his three fellow workers, since last year iron ore imports in China were up 41%.

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The Age | ECONOMY|

Colebatch: Don’t let the mining boom blow up in our face

Asia’s growth is ensuring the continuation of the Australian mineral boom, but we need to train more workers — since immigration is not popular — and also protect our other industries, argues Tim Colebatch.

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Steel the backbone of the economic outlook

Iron ore coking coal and especially steel production figures worldwide are now major indicators for Australia and the national economy’s outlook, especially from China.

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China rebound in the bag

The Chinese economy is now doing better than at any time during the past year. Will investors look at how well placed Australia is to benefit from their growth?

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Why did BHP and Rio Tinto scrap the WA iron ore joint venture?

Why did BHP Billiton and Rio Tinto scrap their plans to jointly market iron ore from the joint venture between their huge iron ore mines in the Pilbara region? Did negotiations with Chinese mills affect it?

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Ore deal leaves Twiggy an over-geared pawn

Twiggy Forrest is going to be running an over-geared speculative miner producing just one commodity, servicing just one market and getting less than market prices.

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Fortescue undercuts rivals in cheap China ore deal

Fortescue Metals Group has settled its 2010 iron ore contracts with Chinese steel mills, giving the Chinese the victory they need to attempt to pressure BHP and Rio to settle at larger discounts to the Japanese.

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