Fortescue chief executive Neville Power also told The Australian newspaper that Chinese steel production growth will be lower over the next five years at about 4% – 5%, from 7% – 8% now.
Australian software and solutions provider, MICROMINE, has been named the successful recipient of the Exporter award at the 2012 WA Information Technology & Telecommunications Awards (WAiTTA).
Despite gold's price slump, strong copper and iron ore prices lifted MINING.COM's ranking of the world's 50 most valuable miners to a new record high of $1.35 trillion.