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BHP chief says big mining will meet demand
Big mining houses have the capacity to meet rising demand for fuels and ores, says Marius Kloppers, downplaying fears by industrialising nations over ‘resources security’
Lonmin hit by strength of rand
The platinum mining group swung to a pre-tax loss after metals prices slumped and it was forced to take action to restructure the company. But the group said prices were expected to rise over the next two years
Asian exporters told to adapt to poor demand
Asia’s export-focused companies must adapt to continued sluggish global consumer demand, says a leading business advisory firm
Cost cuts deliver for Deutsche Post
German mail and logistics group reports that cost cuts have helped its underlying earnings for 2009 come in higher than expected
ADM profits fall 52% but beat expectations
One of the world’s largest grain processors said it saw demand improving in key markets as its profits more than halved, although the results far exceeded expectations
ArcelorMittal plans 50% rise in spending
The steelmaker aims to take advantage of growth opportunities in emerging markets as more signs are pointing to a broad upturn in the steel industry
World View: Winning over Canberra
The Australian government’s approval of Yanzhou Coal’s bid for Felix Resources provides pointers on how foreign deals need to be restructured to win backing
Fortescue’s ore suits China to the ground
Less than five years after drilling commenced, the company has shipped more than 40m tonnes of iron ore
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