LONDON/SYDNEY (Reuters) – Miner Rio Tinto (RIO.L: Quote, Profile, Research) (RIO.AX: Quote, Profile, Research) is to nearly triple capital spending to $11 billion (7 billion pounds) next year as it expands its lucrative iron ore mines in Australia, where it uncovered 2 billion tonnes more deposits.
The heavy spending on new mines outlined on Friday shows confidence by the Anglo-Australian miner that strong Chinese metals demand will keep metal prices buoyant.
LONDON/SYDNEY, Nov 26 (Reuters) – Miner Rio Tinto (RIO.L: Quote, Profile, Research)
(RIO.AX: Quote, Profile, Research) is to nearly triple capital spending to $11 billion
next year as it expands lucrative iron ore mines in Australia,
where it has found a further 2 billion tonnes of deposits.
The heavy spending on new mines outlined on Friday shows the
Anglo-Australian miner is confident strong Chinese demand will
keep metals prices buoyant.
SYDNEY, Nov 26 (Reuters) – Rio Tinto said on
Friday that new drilling and a re-evaluation of current
deposits in the Australian Pilbara had revealed an additional
two billion tonnes of iron ore reserves.
Chief executive Sam Walsh said in a statement that the
additional reserves would underpin Rio’s development in the
Pilbara to an annual capacity of 333 million tonnes by 2015
and “for decades to follow.”
SYDNEY (Reuters) – Australians campaigning for their country to become a republic, and break from the royal family as monarch, will link their fight to the royal wedding of Prince William and Kate Middleton in 2011.
“Let’s use this occasion to highlight the anachronism of the monarchy for Australia. It’s great for the British, but it shouldn’t mean anything for Australia,” The Australian Republican Movement’s deputy chairman John Warhurst said on Wednesday.
SINGAPORE/SYDNEY (Reuters) – Engine trouble forced a Qantas Airways Ltd jet to make an emergency landing in Singapore on Friday, less than 48 hours after another of the Australian carrier’s aircraft had to land prematurely because its engine blew up.
The Sydney-bound Boeing 747-400 aircraft, with 412 people on board, returned to the airport 20 minutes after takeoff due to “an issue with one of its engines,” Qantas Airways Ltd said in a statement.
SINGAPORE/SYDNEY (Reuters) – A Qantas Airways Ltd jet was forced make an emergency landing in Singapore on Friday, less than 48 hours after another of the Australian carrier’s planes had to land prematurely due to engine failure.
The Sydney-bound Boeing 747-400 aircraft, with 412 people on board, returned to the airport 20 minutes after takeoff in a move that an unidentified official from Qantas told Channel NewsAsia was “a precautionary matter.”
SYDNEY (Reuters) – Singapore Airlines resumed flying its Airbus A380 aircraft on Friday but Qantas kept its fleet grounded after an in-flight engine failure forced one of its jets to make an emergency landing in Singapore on Thursday.
The Qantas engine failure marked the biggest incident to date for the A380, the world’s largest passenger plane which has been in service only since 2007, sending airlines scrambling to clear aircraft for flight.
MELBOURNE (Reuters) – The Melbourne Cup is the horse race that stops a nation but while all things are suspended for three minutes or more on the first Tuesday in November, Australians work all day on their Cup fashions and tips.
The pouring rain, grey skies and chilly temperatures for the 150th Cup were no barrier for fashion conscious Australians, who travelled to the track from chic hair salons in Melbourne and dusty outback towns in Western Australia.
MELBOURNE (Reuters) – French raider Americain overhauled fading favourite So You Think up the home straight to win the $6 million (3 million pounds) Melbourne Cup at a rain-soaked Flemington racecourse Tuesday.
Gerald Mosse kept a patient hold on his six-year-old mount before unleashing a devastating sprint to hit the front 100 metres from home to win by more than two lengths from Maluckyday, becoming the first French jockey to win the marquee handicap.
SYDNEY, Oct 19 (Reuters) – Australia faces almost double
the number of destructive tropical cyclones, possibly as many
as 22, across oil and gas, iron ore and sugar production
regions during 2010/11 cyclone season, the weather bureau said.
The above-average number of cyclones are a result of a
strong La Nina weather system which brings higher rainfall and
more storms over the western Pacific, the Bureau of Meterology
said in its annual cyclone-season outlook released on Tuesday.