Boom in Commodity Prices Makes Perth Attractive to Many, Unaffordable to Others
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Perth, Australia, is in the midst of what local newspapers call a housing affordability crisis, as home prices jumped 46 percent last year.
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People who refuse to sell their houses for less than they paid for them are violating a cardinal rule of the market: stuff is worth what itâs worth.
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Criminals do not normally monitor commodities markets, but high metals prices have grabbed their attention, fueling more thefts of copper wire and other items whose metal components can be sold for scrap.
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HARMONY Gold Miningâs $8.1 billion (Â£4.5 billion) hostile takeover offer for Gold Fields took an acrimonious turn last night when the much-larger target company appealed against a regulatory
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Platinum prices hit record levels on rumours a new market indexed to the precious white metal will open.
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In a crazy, upside-down market, mining giant Rio Tinto seems deserving of a Foolish look.
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Rising demand, a falling dollar and rosy economic predictions have stoked the price of commodities in the last few years. But times are changing.
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For some workers, businesses and organizations, the spike in energy prices -- for gas, diesel fuel or heating oil -- is changing the way they live, work and think about the future.
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Rising demand, a falling dollar and rosy economic predictions, have stoked the price of commodities in the last few years. But times are changing.
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Business & money: Private sector competitors see 'extraordinary' demand.
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MELBOURNE: The world&#39;s second-largest diversified miner, Rio Tinto Ltd Plc, said yesterday high oil prices were increasing its costs but were not dampening demand for its key commodities.
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PERTH (Dow Jones)--Another Australian mining company is destined for foreign ownership after Canada&#39;s LionOre Mining International Ltd.
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Comment is free: Naomi Klein: As Baghdad burns, sending the price of oil soaring, Calgary booms.
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In a mining market awash with cash and parched for discoveries, there are rock-solid reasons why the junior mining sector should consolidate, but ego and economics could get in the way of such deals.
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Like the big oil companies, the world&#39;s mining majors are experiencing an embarrassment of riches due to very high commodity prices. BHP Billiton is in the happiest position: it is both the world&#39;s biggest miner and has a substantial oil production ...
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Put away the stack-heeled shoes and the Slade records. Higher oil prices may have rekindled memories of glam rock and loon pants, but the west is not about to return to the days of sky-high inflation that marked the 1970s.
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Fueled by the growth of a local retailer and a general wave of prosperity, Nebraska town finds itself with more jobs than people.