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Pandor emphasises need for resource-rich countries to diversify economies

By: Schalk Burger The exploitation of minerals must form the basis of diversified economies in the developing world, said Science and Technology Minister Naledi Pandor on Thursday. “Exports of raw materials and oils often strengthen a currency, rendering other products less competitive and driving them out of... 

Moderate global economic growth outlook forces miners to keep promises

By: Henry Lazenby The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader Lee Hodgkinson said on Thursday. Speaking to Mining... 

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Rio Tinto warns of continued volatility

By: Esmarie Swanepoel Diversified miner Rio Tinto expects volatility to continue in the short to medium term, despite bright spots emerging in some parts of the world, chairperson Jan du Plessis said at the company’s annual general meeting in Melbourne, Australia. Over the past five years, Rio had experienced market... 

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By: Alida Odendaal Tenders for work in Asia  

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By: Alida Odendaal Tenders for work in Asia  

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Government change of guard boosts WA confidence

By: Esmarie Swanepoel The Western Australian resources sector was optimistic that the change in government would deliver more benefits, advisory firm Deloitte said on Friday. “Business and investor confidence has improved during the month, largely due to the expectation that the new federal government will reduce the... 

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