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Jun 29, 2011

Macquarie outlook 'not so bright': The Australian Business Briefing






Macquarie outlook 'not so bright'
Macquarie Michael Bennet MACQUARIE has copped a broker downgrade again, with an analyst describing its near-term outlook as "not so bright".
 
House prices under pressure
housing Potts Point Enda Curran CAPITAL city house prices fell again in May, led by the higher end of the market.
 
London, Toronto tie-up sinks
LSE Ben Dummett THE merger of the London and Toronto bourses has been terminated due to a lack of shareholder support and strong opposition in Canada.
 
Minara cuts nickel production
Minara Resources David Fickling MINARA Resources has cut production at its Murrin Murrin nickel processing plant after the failure of a heat exchanger.
 
Twitter co-founder steps aside
110630 Biz Stone, Twitter co-founder Rhys Blakeley AS Biz Stone returns to internet start-up roots, the last of Twitter's three co-founders is stepping away from full-time work at the site.
 
US must tighten policy: McKibbin
Warwick McKibbin Gavin Lower THE RBA's Warwick McKibbin called on the US Fed to tighten policy, saying "you cannot give away money and have a vibrant economy".
 
Greece votes for austerity
110630 Greek protest Alkman Granitsas GREECE'S Parliament approved a five-year austerity plan but doubts remain about its ability to pay back its debts.
 
Monsanto boosts profit forecast
110630 Monsanto Ian Berry and Tess Stynes MONSANTO, the world's biggest seed producer, raised its fiscal 2011 profit forecast, based on buoyant sales of corn and soybean seeds
 
Financial Markets
Shares firm but off highs
sharemarket THE Australian stockmarket was up 0.8 per cent by early afternoon, on track to post a third straight day of gains.
 
Euro faces more volatility
Wall St climbs on Greek vote
 
Financial Markets Coverage
 
Mining & Energy
Minara cuts nickel production
Minara Resources David Fickling MINARA Resources has cut production at its Murrin Murrin nickel processing plant after the failure of a heat exchanger.
 
Gindalbie Metals joins cost blowouts list
Chinese ready to join Sundance kid
 
More Mining & Energy

Telstra 'got best deal possible: Ping Newslletter

Ping Newsletter
Telstra 'got best deal possible'
RETIRING Telstra chief financial officer John Stanhope is convinced the company got the best deal possible from the NBN talks.
 
Search begins for Stanhope successor
THE Telstra board has appointed an executive search firm to find a replacement for outgoing chief financial officer John Stanhope.
 
Net a daily habit for most of us
AUSTRALIA is embracing the digital age, with 70% of households connecting to the internet, and more than half of them online daily.
 
Cisco Cius tablet in Australia end-July
CISCO'S long-awaited Cius Android business tablet will be available in Australia from July 31, the networking giant said overnight.
 
Twitter co-founder steps aside
AS Biz Stone returns to internet start-up roots, the last of Twitter's three co-founders is stepping away from full-time work at the site.
 
News Corp sells Myspace
A GROUP associated with singer Justin Timberlake has bought the Myspace entertainment website from News Corp.
 
Timberlake could buy stake in MySpace
POP music sensation Justin Timberlake is set to own a slice of MySpace, following news that the company has been sold for $US35 million.
 
Nine pulls plug on Origin iPad app
NINE Network has pulled the plug on plans to offer a State of Origin iPad app after failing to resolve a legal dispute with Telstra.
 
Telco apes NAB break-up campaign
VIRGIN Mobile is launching its own version of a customer-first push.
 
Visa, ANZ payment project hits roadblock
THE replacement of credit cards with mobile phone payments seems no closer despite an apparently successful four-week trial by ANZ Bank and Visa.
 
Singapore key to local Microsoft cloud
AUSTRALIAN businesses will need to make their own arrangements if they want to use Microsoft's new cloud-delivered office software service locally.
 
Sony CEO takes 16pc pay cut
SONY CEO Howard Stringer took a 16 per cent pay cut, reflecting the company's third straight year of losses.

Click here for all headlines

More IT Business

Scientists lead climate change project 

iPhone most popular as Nokia crashes 

Elop spruiks Nokia's Windows push 

Bitcoin currency sparks security fears 

More Exec Tech

Android tablets on the rise in Australia 

Optimus announces itself in 3D 

How to make a meeting from home 

iPhone most popular as Nokia crashes 

From The Desk of Nick Nicolaas - Mining Interactive: Tasman - Norra Karr, Thickest Intervals of Mineralization Reported with Grades Well Above the Current Resource Grade



TASMAN METALS LTD.

TSXv - TSM; Frankfurt - T61 (WKN A0Y GN1); Pinksheets – TASXF

NORRA KARR HEAVY RARE EARTH ELEMENT AND ZIRCONIUM PROJECT, SWEDEN
THICKEST DRILLED INTERVALS OF MINERALIZATION TO DATE WITH GRADES WELL ABOVE THE CURRENT RESOURCE GRADE

Results Include 241.3m @ 0.68% TREO, with 55% HREO and 1.85% ZrO2 (NKA11038)
  • Results from an additional 4 holes drilled as part of the Phase 3 program recently completed at the Company’s 100% owned Norra Karr Project;

  • The project is characterized by containing the highest proportion of the high value HREO (heavy rare earth oxide) of all advanced projects in the Western World, as evaluated by industry analysts at Technology Metals Research LLC (www.techmetalsresearch.com); and in addition

  • Technology Metals Research shows Norra Karr to be the fourth largest heavy rare earth project in the Western World by contained metal.

Mark Saxon, Tasman Metals President & CEO:  "These substantial new intersections from Norra Karr, with grades well above the current resource grade including high grades of dysprosium, will feed into the recently commissioned update to the NI 43-101 resource being completed by Pincock, Allen & Holt.
This globally significant heavy rare earth element project is drawing the international attention it deserves as a potential major and long term supplier of dysprosium and other HREE’s, in particular to the automotive industry.”
Dear Friends:
I cannot better this statement:
“The project is characterized by containing the highest proportion of the high value HREO (heavy rare earth oxide) of all advanced projects in the Western World” and “shows Norra Karr to be the fourth largest heavy rare earth project in the Western World by contained metal.”

Here is Rick Mills of www.aheadoftheherd.com:
“A critical or strategic material is a commodity whose lack of availability during a national emergency would seriously affect the economic, industrial, and defensive capability of a country”.  My comment: Even without a national emergency we cannot live without strategic metals.
If you like to keep up to date on HREEs and their uses and the status of Critical Metals then the next two (2) articles by Rick Mills certainly will be of interest to you:
and

So, Stay Tuned - - for the next Chapter in the Tasman Metals Rare Earth Story!!!

Regards from Vancouver,
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
 
Acronyms used:
REE rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE light rare earth elements, lanthanum to samarium by atomic weight
HREE heavy rare earth elements, europium to lutetium plus yttrium
TREO rare earth elements, calculated as oxides, including lanthanum to
            lutetium plus yttrium
HREO heavy rare earth elements, as per HREE above, calculated as oxides
LREO light rare earth elements, as per LREE above, calculated as oxides
Strategic Metals, Including Rare Earth Elements and their common usage:

Carbon tax deal all but done | The Australian Capital Circle


Capital Circle Newsletter
Carbon tax deal all but done
 
As a carbon tax deal draws closer, speculation mounts about what's in and what's out.

The PM's Diary: Julia Gillard begins her day in Darwin. She'll inspect defence housing at Larrakeyah Barracks and then visit the Inpex Larrakia training centre this morning before taking the VIP to Melbourne at midday. The PM will spend the rest of her day working at the federal government offices at 4 Treasury Place. The NT News splashes with the PM's visit and carries two pages of reports on live exports and community cabinet in Palmerston last night.
Tony Abbott is in Sydney and attended the departure breakfast for the Xstrata Cycle for SMILE team this morning. Mr Abbott is part of the team riding from Darwin to Broome over nine days to raise funds for the SMILE Foundation (Supporting Medical Innovation for Life Enhancement).
Senator boot camp: The twelve new Senators that will be sworn in next Monday face an unusual challenge - they won't begin their three-day training course in how the Senate works until after their first sitting week is finished. As Clerk of the Senate Rosemary Laing points out in the latest in-house staff bulletin, next week is the first July sitting with new Senators in 61 years. What else happens? First off, the Senators will be presented with a lapel pin that identifies them as Senators when inside the building. They'll receive email addresses, offices and a training DVD starring Ms Laing that has been months in the making. Once sworn in, a vote will be held for the positions of President and Deputy President of the Senate. Labor Senator John Hogg is expected to be re-elected unopposed as President and Liberal Senator Stephen Parry is expected to become the new Deputy President.
The 12 new Senators are: Richard Di Natale (Greens), Sean Edwards (Liberal), David Fawcett (Liberal), Alex Gallacher (Labor), John Madigan (DLP), Bridget McKenzie
Read more...

Wall St climbs on Greek vote: The Australian Capital Business




Wall St climbs on Greek vote
Greece protests Brendan Conway US stocks advanced for a third day on passage of a Greek austerity package and a major settlement on toxic securities.
 
ATO targets foreign firms
Michael D'Ascenzo Susannah Moran THE Australian Taxation Office will crack down on large businesses sending profits offshore and scrutinise "novel" financial deals next year.
 
Telstra 'got best deal possible'
John Stanhope, Telstra John Durie RETIRING Telstra chief financial officer John Stanhope is convinced the company got the best deal possible from the NBN talks.
 
Search begins for Stanhope successor
John Stanhope Tracy Lee THE Telstra board has appointed an executive search firm to find a replacement for outgoing chief financial officer John Stanhope.
 
Nash to take over chair at KPMG
Peter Nash Damon Kitney ACCOUNTING firm KPMG will today announce Peter Nash as the new Australian chairman.
 
Resources boom fuels record trade with China
Rowan Callick Rowan Callick, Asia-Pacific editor AUSTRALIA'S trade with China hit an astonishing $105 billion last year, a national record.
 
Transpacific profit cleaned away
Transpacific Sarah-Jane Tasker TRANSPACIFIC Industries, Australia's largest waste management company, has forecast a significant annual loss.
 
Volatility sinks Barminco float
sharemarket, asx, stockmarket Michael Bennet THE IPO market has been dealt a blow, with Barminco, scrapping its $545 million offering due to volatile markets.
 
Financial Markets
Euro faces more volatility
Greece protests David Cottle SADLY for those betting on a euro bounce from the Greek austerity vote, there are more harrowing episodes to come.
 
Copper soars to eight-week high
Nerves push gold higher
 
Financial Markets Coverage
 
Mining & Energy
Gindalbie Metals joins cost blowouts list
Gindalbie Metals Sarah-Jane Tasker GINDALBIE Metals has joined a growing list of West Australian miners confirming major cost blowouts on significant projects.
 
Chinese ready to join Sundance kid
Resources boom fuels record trade with China
 
More Mining & Energy