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The slowdown hitting WA’s mining sector makes right now the best time to get out and sell the Western Australian resources industry to offshore investors, according to Mines and Petroleum Minister Bill Marmion.
The gold sector claims the looming threat of an increase in royalties could undermine immediate investment, despite the State Government’s recent decision to keep rates steady.
Shares in Brumby Resources soared after the company announced an $8.8 million merger with privately owned zinc explorer Marindi Metals.
Shares in Global Construction Services (GCS) were higher after the company announced it had won a two-year scaffolding services contract with CITIC Pacific on the Sino Iron project in the Pilbara.

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article thumbnailGindalbie in $1.48b refinancing

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article thumbnailOre market issue for ACCC: Abbott

Tony Abbott says the competition watchdog is best placed to deal with any proble ...