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Xstrata stops production at Tahmoor mine

The Swiss mining giant said on Monday that production at the colliery had ceased until February 14 and staff had been informed not to attend work in the meantime. About 380 staff and contractors work at the Tahmoor mine. The company' s communications manager James Rickards said the

ASIC to pay Rich $13.8m

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THE corporate regulator will pay $13.8 million to the former One.Tel managing director Jodee Rich and $190,000 to the former finance director Mark Silbermann to reimburse legal costs they incurred successfully defending their conduct in the four months before the telephone company collapsed
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ASIC to pay Rich $13.8m

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February 6, 2010 The payment to Mr Rich comprises $9.6 million in expenses and $4.2 million in interest. Justice Robert Austin in the NSW Supreme Court ordered the Australian Securities and Investments Commission to pay the defence costs in December, but the two sides were initially
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Corrigan happy with rail

February 6, 2010 Kaplan's core focus will remain on transporting containers and vehicles from ports to distribution centres via rail, Mr Corrigan said. ''We have aspirations to build a significant business … but we are not going to go about it by throwing money at anything that comes

Fortescue boss wins case against ATO

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Mr Forrest, whose personal wealth exceeds $1 billion, appealed against a decision in the Administrative Appeals Tribunal that he pay tax on a $3.5 million donation to the Australian Children's Trust in 2001. Federal Court Justice Neil McKerracher ruled Mr Forrest was not required to pay tax on
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Mining companies given deadline for royalties

The State Government has issued BHP Billiton and Rio Tinto with a deadline to agree to pay hundreds of millions of dollars more in mining royalties . The Opposition's State Development spokesman Mark McGowan says it was foolish of the Liberal- National Government to scrap the

Mining companies given deadline for royalties

Map: Perth 6000 The Premier Colin Barnett says if the iron ore miners want the Government to approve their Pilbara tie-up they must agree to pay at least $300 million a year more in royalties by the first of July. The Opposition's State Development spokesman Mark McGowan says it

Bank of America faces NY lawsuit

By Washington correspondent Kim Landers The lawsuit says Bank of America and its former chief executive, Ken Lewis, misled investors about its acquisition of Merril Lynch at the height of the financial crisis. New York's Attorney-General Andrew Cuomo says Bank of America failed to disclose

Liberals pledge no plastic bags

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The Tasmanian Opposition has promised to ban plastic shopping bags , if it wins government next month. South Australia has already banned non- biodegradable bags , which have been blamed for polluting waterways and killing wildlife. He has promised to consult retailers. "Now,
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Council backs development levy removal

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Map: Wollongong 2500 The levy was supposed to raise money to help pay for badly needed infrastructure, but only $7,000 was collected over three years. Wollongong was the only regional city in the state to attract the levy. The State Member for Wollongong, Noreen Hay, says the levy
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