The Wall Street Journal
Metals & Mining
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The Queensland government withdrew its support for a $9 billion coal-port expansion in the northern part of the state, in a sign Australia's resources boom is losing steam.
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Gold-mining stocks are trading at record lows, relative to the price of gold. Newmont Mining, the world's No. 2 gold miner—with a 3.1% yield—would be a big beneficiary if the price disparity narrows. Shares could rise 50%.
Three years after a spectacular financial collapse, Iceland is coming back, largely on the strength of its strong exports. Video and reporting by Charles Forelle from the island of Vestmannaeyjar.
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Tata Steel's net profit for the fiscal fourth quarter plunged 90% from a year earlier, when a one-time gain boosted its earnings, while sluggish demand for steel in Europe limited the company's sales growth.
Kingfisher Airlines has cleared a part of the amount it owed to India's income-tax department for not depositing tax deducted from its employees, junior Finance Minister S.S. Palanimanickam said.
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