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Miners’ cost-cutting here to stay in 2013

Posted on 21 December 2012

The 56 per cent rebound in iron ore prices since the lows of early September has arrived too late to save Labor’s promise to deliver a budget surplus this financial year.
But of more interest here is whether the rapid rebound in prices for the nation’s biggest export earner is going to save us from the seemingly necessary but thoroughly boring approach of the big miners BHP Billiton and Rio Tinto to the coming year — one of capital discipline and cost-cutting………………………………………..Full Article: Source


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