News Wrap

IN THIS morning’s News Wrap: Hedges clip gold miners’ loot; Rio Tinto’s Simandou iron ore mine to get China’s backing; and Rio Tinto boosts tax dispute war chest.

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Hedges clip gold miners' loot

Australian gold miners could miss out on up to $2 billion in additional cash if the gold price remains near record levels over the next few years, as a legacy of


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