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Tap Oil has made an oil discovery near Varanus Island in WA, which will not commence production until the gas processing facilities on the island are repaired.
Rio Tinto has signed an agreement to purchase ore from a junior explorer as the mining giant seeks to prevent third parties gaining access to its railway in WA.
Japan's trade surplus shrank 42.1 per cent in the first six months of fiscal 2008 to Y3 trillion ($A28.97b) from a year earlier, the Finance Ministry said.
The administrators of Tim Johnston's fuel pill company Firepower Operations say they have been granted a brief "window" to keep the company in administration.
Talk to the hand
Once bank managers would not let you borrow more than you could afford. These days it's up to the consumer to decline, says Lesley Parker.