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Ausdrill wins $70m gold mine contract

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AAP Drilling services firm Ausdrill Ltd has won a $70 million contract at the Bronzewing gold mine in Western Australia that is being brought out of mothballs by Navigator Resources Ltd. Ausdrill said in a statement on Friday that the five-year contract was for the provision of
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Bank of America Is Sued by ABP Over Merrill Lynch Loss Claims - Bloomberg.com

APG Algemene Pensioen Groep NV, which manages ABP’s assets, is seeking damages of as much as $91 million in the lawsuit, Thijs Steger , a spokesman for Heerlen, Netherlands-based APG said today. APG filed the lawsuit on behalf of ABP yesterday in U.S. federal court in New York, according to

Porsche Forecasts Second Consecutive Loss on VW Merger Costs - Bloomberg.com

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March 17 (Bloomberg) -- Porsche SE , the maker of the 911 sports car, forecast a second consecutive full-year loss from the costs of combining with Volkswagen AG. Porsche, which took a majority stake in Volkswagen a year ago, posted its first net loss since 1994 last year because of
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Seven halted as "sensitive" information revealed

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Seven said in a statement that during a hearing in the Federal Court this morning, a judge divulged information that was not yet available to all shareholders regarding Seven's proposed merger with mining and industrial equipment business WesTrac. Justice Peter Jacobson this morning approved a
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Seven gets green light for merger meeting

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Shares in Kerry Stokes's Seven Network have been put in a trading halt, with the media company saying sensitive information had been read out in court. Seven said in a statement that during a hearing in the Federal Court this morning, a judge divulged information that was not yet
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Seven Network shares in trading halt

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The shares will remain in a trading halt until the announcement is made, or until normal trading commences on Thursday, the Australian Securities Exchange said in a statement. Seven said in a separate statement that it had requested the trading halt after Justice Peter Jacobson of the
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Further mergers of credit unions inevitable

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Further mergers of credit unions were inevitable as they sought to compete with the big banks and fill the gap left by the takeovers of St George and BankWest, the head of the country's second largest mutual finance house said yesterday. The credit union industry was likely to be made
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ASIC digs in on Seven plan

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THE corporate regulator has forced Seven Network to make significant changes to documents it will send to shareholders about the proposed merger with his earth-moving business WesTrac. The move comes amid concerns the information Seven wants to send does not tell shareholders
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Credit union mergers "certain"

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FURTHER mergers of credit unions are inevitable as they to seek compete with the big banks and fill the gap left by the takeovers of St George and Bankwest, according to the head of the country's second-largest mutual finance house. The credit union industry was likely to be made up of
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"Market to blame" for Chinalco-Rio failure

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The report exonerates the Australian Government for the collapse of the planned merger between the Aluminium Corporation of China (Chinalco) and Rio Tinto, Fairfax media reports. The proposal sparked public debate on the growing level of Chinese ownership of Australia's natural
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