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SYDNEY (Thomson Financial) - Australia is set to become an even larger iron ore quarry as more mines are developed and takeovers set the scene for whole-scale expansion of the industry. A week ago BHP Billiton fired the imagination of the marketplace by launching a 140 billion US paper offer for Rio Tinto. The pair dominate Australia's iron ore mining industry which is a key supplier of the product to Asia's fast growing steel industry. BHP Billiton highlighted the benefits of a more efficient industry if the two groups merged. Iron ore more than anything else was the logic for combining the two groups according to chief executive Marcus Kloppers. Kloppers claimed that a combined group would be able to share infrastructure in Western Australia's Pilbara region and coordinate new developments meaning that the pair could supply iron ore at more competitive prices over the long-term. The Pilbara iron ore province currently supplies more than a quarter of the world's iron ore for use in steel-making.'There's certainly logic when its comes to shipping flexibility and product mix. It (the merger) would give the combined group the ability to offer a broader product range which has benefits all round,' said Warren Edney a resources analyst at ABN Amro. Rio Tinto has so far spurned the BHP Billiton offer claiming it significantly undervalues its and prospects. There's even reports that Rio Tinto might defend its position by launching a counterbid. Edney said talk of a counter offer was somewhat misplaced as BHP Billiton had made a merger proposal rather than a hostile takeover bid. He said the Rio Tinto board might be concerned that the 3-for-1 share offer did not contain sufficient premium but that didn't mean there wasn't logic in putting the two groups together. Infrastructure challengeBHP Billiton and Rio Tinto are currently ramping up production in the Pilbara province from existing and new mines in a move that the could see the two group's combined output from the region reaching 620 million tonnes a year by 2022. Rio Tinto is already planning to double annual production to around 220 million tonnes a year by 2009 while BHP Billiton is planning to lift production to about 300 million tonnes annually by the end of the decade from close to 130 million tonnes this year. Kloppers stated that a tie-up with Rio Tinto was ''logical and compelling '' given the two group's complementary assets and overlapping presence in a number of major resource basins such as the Pilbara region in Western Australia and joint ownership interests. Reynolds & Co private client advisor Michael Heffernan said more iron ore miners are likely to move into production provided there's agreement on infrastructure including companies that have deposits further to the south of the Pilbara in Western Australia's Mid-West region where deposits have been stranded because of insufficient rail and infrastructure.'That region is getting the backing from China which wants the iron ore but really the state government (of Western Australian) needs to sort out the infrastructure issues,' said Heffernan. The Mid-West iron ore companies include Gindalbie Metals. Murchison Metals and Midwest Corp. Murchison last month launched an all-scrip offer for Midwest again based on the logic of combining project and infrastructure development but the two companies are yet to agree on terms. There is a lot at stake with iron ore prices expected to rise more than 30 percent next year and little certainty that supply will keep up with demand until new projects are developed. It's all about building the infrastructure needed to get ore to market but that will take time and cost billions of dollars. There's plenty of ore as emerging Australian iron ore miner Fortsecue Metals Group Ltd proved this week. Before even producing one tonne of ore the company sought to boost its prospects by reporting a new deposit of at least 1 billion tonnes at its Solomon deposit in the central Pilbara. Fortescue executive director Graeme Rowley said that there was no doubt the Solomon project could become bigger than the company's Chichester project which is expected to start producing ore at an annual rate of 45 million tonnes a year from next May.(1 US dollar = 1.12 Australian dollars)bruce hextall@thomson com-- by Bruce Hextall --bhx/clCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News Content including by framing or similar means is expressly prohibited without the prior written consent of Thomson Financial News. *ABCMoney co uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

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SYDNEY (Thomson Financial) - Australia is set to become an even larger iron ore quarry as more mines are developed and takeovers set the scene for whole-scale expansion of the industry. A week ago BHP Billiton fired the imagination of the marketplace by launching a 140 billion US paper offer for Rio Tinto. The pair dominate Australia's iron ore mining industry which is a key supplier of the product to Asia's fast growing steel industry. BHP Billiton highlighted the benefits of a more efficient industry if the two groups merged. Iron ore more than anything else was the logic for combining the two groups according to chief executive Marcus Kloppers. Kloppers claimed that a combined group would be able to share infrastructure in Western Australia's Pilbara region and coordinate new developments meaning that the pair could supply iron ore at more competitive prices over the long-term. The Pilbara iron ore province currently supplies more than a quarter of the world's iron ore for use in steel-making.'There's certainly logic when its comes to shipping flexibility and product mix. It (the merger) would give the combined group the ability to offer a broader product range which has benefits all round,' said Warren Edney a resources analyst at ABN Amro. Rio Tinto has so far spurned the BHP Billiton offer claiming it significantly undervalues its and prospects. There's even reports that Rio Tinto might defend its position by launching a counterbid. Edney said talk of a counter offer was somewhat misplaced as BHP Billiton had made a merger proposal rather than a hostile takeover bid. He said the Rio Tinto board might be concerned that the 3-for-1 share offer did not contain sufficient premium but that didn't mean there wasn't logic in putting the two groups together. Infrastructure challengeBHP Billiton and Rio Tinto are currently ramping up production in the Pilbara province from existing and new mines in a move that the could see the two group's combined output from the region reaching 620 million tonnes a year by 2022. Rio Tinto is already planning to double annual production to around 220 million tonnes a year by 2009 while BHP Billiton is planning to lift production to about 300 million tonnes annually by the end of the decade from close to 130 million tonnes this year. Kloppers stated that a tie-up with Rio Tinto was ''logical and compelling '' given the two group's complementary assets and overlapping presence in a number of major resource basins such as the Pilbara region in Western Australia and joint ownership interests. Reynolds & Co private client advisor Michael Heffernan said more iron ore miners are likely to move into production provided there's agreement on infrastructure including companies that have deposits further to the south of the Pilbara in Western Australia's Mid-West region where deposits have been stranded because of insufficient rail and infrastructure.'That region is getting the backing from China which wants the iron ore but really the state government (of Western Australian) needs to sort out the infrastructure issues,' said Heffernan. The Mid-West iron ore companies include Gindalbie Metals. Murchison Metals and Midwest Corp. Murchison last month launched an all-scrip offer for Midwest again based on the logic of combining project and infrastructure development but the two companies are yet to agree on terms. There is a lot at stake with iron ore prices expected to rise more than 30 percent next year and little certainty that supply will keep up with demand until new projects are developed. It's all about building the infrastructure needed to get ore to market but that will take time and cost billions of dollars. There's plenty of ore as emerging Australian iron ore miner Fortsecue Metals Group Ltd proved this week. Before even producing one tonne of ore the company sought to boost its prospects by reporting a new deposit of at least 1 billion tonnes at its Solomon deposit in the central Pilbara. Fortescue executive director Graeme Rowley said that there was no doubt the Solomon project could become bigger than the company's Chichester project which is expected to start producing ore at an annual rate of 45 million tonnes a year from next May.(1 US dollar = 1.12 Australian dollars)bruce hextall@thomson com-- by Bruce Hextall --bhx/clCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News Content including by framing or similar means is expressly prohibited without the prior written consent of Thomson Financial News. *ABCMoney co uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

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Become a member of our Insight Services and get the ultimate in decision support for investors in renewable energy and clean energy technology. Each Insight Service is focused on a particular sector or merchandise and is designed with one purpose only: to help you make the smartest possible investment decisions and to avoid making mistakes. Becoming a member to our Insight Services represents a chance to join the inner circle of New Energy Finance clients. For more information please click or alternatively, please call us for more information on +44 20 7092 8800 (UK). +1 212 744 1988 (US) or telecommunicate us at New Energy Finance offers tailored analysis of financial activity in the alter energy industry: all sectors all asset classes all geographies. Anything from deal lists to trends and time-lines we can help you get to grips with this new and fast-growing investment arena. To find out how New Energy pay Analytics can help your business, gratify call us for more information on +44 20 7092 8800 (UK). +1 212 744 1988 (US) or email us at

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change state a member of our Insight Services and get the ultimate in decision support for investors in renewable energy and alter energy technology. Each Insight Service is focused on a particular sector or market and is designed with one intend only: to help you alter the smartest possible investment decisions and to avoid making mistakes. Becoming a member to our Insight Services represents a come about to join the inner circle of New Energy Finance clients. For more information please move or alternatively, gratify call us for more information on +44 20 7092 8800 (UK). +1 212 744 1988 (US) or email us at New Energy pay offers tailored analysis of financial activity in the alter energy industry: all sectors all asset classes all geographies. Anything from broach lists to trends and time-lines we can help you get to grips with this new and fast-growing investment arena. To sight out how New Energy Finance Analytics can back up your business, please call us for more information on +44 20 7092 8800 (UK). +1 212 744 1988 (US) or telecommunicate us at

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The material comments and posts displayed on this blog place is the copyright bring home the bacon and intellectual property of the author of this blog. Unauthorized copying and piracy is illegal and in disrespect of copyright laws in the United States and elsewhere. The content of this blog is the compose’s opinion and personal view based on research conducted by him. Nothing written here is an invitation to buy or sell any particular security. Readers are encouraged to conduct their independent due diligence and desire advice from a qualified professional before taking action on any idea posted here. The author is not liable for any losses incurred by the readers.© 2007-2008. All rights reserved. Polls suggest that Mr. Howard -- Australia's second-longest-serving premier -- and his conservative Liberal Party-led government are likely to lose power in a parliamentary election Nov. 24. If that happens it would come down one of Mr. Bush's key supporters on global issues such as the U. S.-led fight against terrorism and on climate change. The election could also communicate a broader policy shift in Australia as the resource-rich nation forges closer ties with China. Australia supplies the coal iron ore and other raw materials China needs to fuel its economic boom and ties between the two countries would probably alter under a new Australian government. [be for growth in the big mining companies as come up as Uranium stocks] Mr. Howard's opponent. 50-year-old Labor Party leader Kevin Rudd is a former diplomat who speaks fluent Mandarin Chinese and has desire made a priority of increasing Australian links to Asia. At a recent economic summit in Sydney he upstaged Mr. Howard by chatting in Mandarin with visiting Chinese President Hu Jintao. Mr. Rudd has also suggested he may displace for greater independence from the U. S in setting foreign policy. He intends to pull many of Australia's troops from Iraq for example and has advocated more aggressive action to hold back emissions linked to global warming. [This means you should be to invest in environmentally friendly companies like BBW and decrease exposure to smaller commodity plays] Mr. Howard could acquire from a widely held perception that his conservative Liberal celebrate deserves much of the credit for Australia's recent economic success. On his check. Australia has emerged as one of the world's most dynamic economies with unemployment at its lowest level in decades and growth expected to hit 4% this year. A mandatory retirement savings schedule has helped Australians accumulate wealth that they're now investing aggressively across the globe. comfort many Australians undergo grown tired of Mr. Howard a polarizing figure who is closely identified with Mr. Bush and the U. S.-led war in Iraq. Several years ago. Mr. Howard was quoted referring to himself as Mr. Bush's "deputy sheriff" in Asia. Like the Bush administration his government has refused to ratify the Kyoto Protocol the 1997 international accord aimed at reducing greenhouse-gas emissions. Many younger Australians believe Mr. Howard as hostile to environmental causes and committed to a harsh brand of free-market capitalism highlighted by his government's moves in recent years to furnish employers more supplement over workers in setting wages and other benefits. Mr. Rudd's go appears to symbolize Australia's alter toward closer relations with Asian nations. After growing up in a dairy-farming family in Queensland state he took an early arouse in Asian affairs and studied Chinese history in college. He later joined the country's diplomatic corps and rose rapidly through the ranks serving in the Australian embassy in Beijing in the 1980s. He also worked as a consultant and later emerged as a fight Party feature in part because of his foreign-policy experience. About 14% of Australia's exports now are sold to China compared with less than 3% in the early 1990s. Fewer than 6% of Australia's exports are shipped to the U. S. compared with about 11% in the early 1990s despite a free-trade agreement reached with the U. S in 2004. [China ordain continue to be a big focus and will become an even more important trading furnish for us than the USA] move of what makes Mr. Rudd a serious threat to Mr. Howard analysts say is that he has nudged his traditionally left-leaning Labor Party closer to the political bear on on a number of issues. He has suggested he will promote many of the free-market economic ideas put in displace by Mr. Howard and his party has promised to deliver large tax cuts -- much as Mr. Howard has done. Mr. Howard has fought back by recalibrating some of his positions to appeal to voters who otherwise might lean toward Mr. Rudd. He has appeared to soften his stance on climate dress by indicating he now believes Australia needs to act some steps to reduce emissions in inspect global warming becomes a big problem. He has also announced billions of dollars of government spending and tax benefits including tax-free savings accounts for first-time home buyers and tax rebates for education and child care. But some of those moves could backfire. Mr. Howard's reputation as an economic mastermind has already taken a beating in recent months amid signs that inflation is heading above the central bank's preferred target of about 3% -- a problem that could be exacerbated by both parties' aggressive spending plans. In 2004. Mr. Howard told voters his celebrate could be trusted to act interest rates low -- a critical issue in Australia where many homeowners direct mortgages with adjustable interest rates. Since then the keep back Bank of Australia has raised interest rates six times to combat inflation including a quarter-point bring up in early November. Australia's benchmark evaluate is 6.75%. 1.5% higher than in 2004.

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Become a member of our Insight Services and get the ultimate in decision give for investors in renewable energy and clean energy technology. Each Insight function is focused on a particular sector or market and is designed with one purpose only: to back up you alter the smartest possible investment decisions and to avoid making mistakes. Becoming a member to our Insight Services represents a chance to join the inner go of New Energy Finance clients. For more information please click or alternatively call us on +44 20 7092 8800 or telecommunicate New Energy Finance offers tailored analysis of financial activity in the alter energy industry: all sectors all asset classes all geographies. Anything from deal lists to trends and time-lines we can back up you get to grips with this new and fast-growing investment arena. To find out how New Energy Finance Analytics can back up your business please contact us for more information on +44 20 7092 8800 or email us on

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Twenty seven miners trapped in Australian gold exploit collapse - report UPDATE (adds information from police and rescue options)SYDNEY (Thomson Financial) - A exploit collapsed in Australia early Monday trapping 27 workers underground the AAP news agency reported. guard told the agency the 27 men were in a safety domiciliate one kilometre underground with 30 hours of oxygen available. Rescuers were considering two possible exit points the inform said tf. TFN-Europe_newsdesk@thomson comjag/jagCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News circumscribe including by framing or similar means is expressly prohibited without the prior written react of Thomson Financial News. You must log in to access this area of the site. If you are not a registered user to write up for instant find! *ABCMoney co uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

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Youth Arts CoordinatorMuseum of Contemporary ArtSydney. New South WalesWe are looking to constitute an enthusiastic and inspirational Youth Arts Coordinator to create an innovative and exciting schedule for youth audiences (14-26 years). You ordain have a passion for working with youth audiences and arts education as come up as an interest in youth trends beyond the... Would you desire to find out more about this job?If you are a current Arts Hub subscriber gratify sign in. If you are not a current subscriber - accept to Arts Hub!Each week Arts Hub lists over 1000 creative jobs currently advertising. These jobs go fast - so get in first!bid to Arts Hub today from $66 per year. Click here to - Melbourne - Mordialloc. MelbourneTertiary qualified dance instructor sought for position of move Coordinator for Community dance school for 2008. {Job #102257} - Aust. 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We are touring SIX shows in 2008 and demand 6 actors for each. {Job #101443} - Victoria - Melbourne | Commensurate with experienceCreative Director - Publisher specialising in Children's & Adult reference books. Experienced Creative Director or Senior with experinece in Books or Magazines required to manage creative team from conception through to production. {Job #102489} - New South Wales - SydneySubmissions invited into limited capacity group exhibition of ONLY FOUR ARTISTS in the heart of Bondi land! Exhibition duration 30 January-24 February. 2008 {Job #102501} - Melbourne - Moorabbin | Negotiable depending on experience. Seeking a Director and a Choreographer for a circus show produced for primary schools. The show ordain go away touring Melbourne’s primary schools in February 2008. {Job #103006}

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