Declining Australian Dollar Leads to ASX Increase
Shares increased in Australia by 0.3 percent as firms exposed to the US market benefited from a declining Australian dollar.
Shares increased in Australia by 0.3 percent as firms exposed to the US market benefited from a declining Australian dollar.
Copper – Newcrest Mining Limited (ASX:NCM, TSX:NM) is pleased to announce its quarterly report for the period ended 31 March 2013.
The world’s third-biggest economy posted its third straight quarter of contraction this week, while the giant CNOOC-Nexen deal cleared its last hurdle.
Gold – Newcrest Mining Limited (TSX:NM) and Antam (ASX:ATM) announced that Antam acquired a further 7.5 percent interest in the Gosowong mine in Indonesia from Newcrest.
Gold – Following the most recent positive resolution of the Australian Resources Super Profits Tax debate from the perspective of gold producing, exploring and mining development corporations; it may be worthwhile for gold investors to explore the “land down under” for stocks that could provide strong relative valuations and interesting opportunities.
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