BHP Billiton has approved a $US698 million ($A687.72 million) investment to develop its share of an iron ore mine near Newman in Western Australia. The proposed new mine will have an expected capacity of 17 million tonnes per annum. The development will include the construction of an ore crushing plant, train loadout facility, rail spur to Read the full article…
Interest rate cut
Nov 2, 2011 Articles | Government & Policy
INTEREST rates have fallen to 4.5 per cent, providing a massive boost for struggling households and the retail sector ahead of Christmas. The Reserve Bank of Australia on Tuesday slashed rates by 25 basis points in a bid to boost consumer spending and turn around the depressed property market. Most of Australia’s biggest home lenders cut Read the full article…