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Monday
Jul092012

Recent announcements by central banks to increase their Aussie dollar holdings are an expression of trust in the health of the Australian economy. But history suggests the boom will not endure, writes Timo Henckel of the Australian National University.

Central banks everywhere – from Russia to the Czech Republic – are piling into Australian-dollar-denominated assets. This has limited the fall of the Australian dollar to around 3% from its peak even though commodity prices, which are strongly correlated with the Aussie dollar, have fallen globally by 10%. Even the German Bundesbank, the stodgiest of central banks, announced its intention to increase its reserve allocation of Aussie dollar assets. Is the Australian dollar, the fifth-most traded and among the most volatile of currencies, about to rival the US dollar, the yen, and the Swiss franc as one of the world’s major reserve currencies? And does this increased demand for assets created down under change the way the Reserve Bank and the Treasury conduct policy?

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Monday
Jul092012

The Oppenheimer, The Steinmetz Pink and the Millennium Star MOVIE

 

 

Monday
Jul092012

Chinese CAUTION

China’s current ‘Year of the Dragon’ appears to have lost some of its fire as investors and ‎analysts view China’s economy with increasing caution. Chinese diamond buyers have ‎picked up on that sentiment and are holding back from making large-inventory purchases ‎as global economic concerns deepen and local consumer confidence fades. ‎

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Tuesday
Jul032012

Nat Cook for Australian Flag Bearer!!!!

LONDON HERE WE COME!!!

 

Wooooo Hooooooo we did it.  And pictures speak a thousand words. So this is what it looks like and feels like to qualify for a 5th Olympic games.

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Wednesday
Jun272012

Rio Tinto Appoints New MD of the Argyle Diamond Mine

Rio Tinto Diamonds appointed Kim Truter as managing director of the Argyle Diamond Mine in Western Australia, effective from July 1.

Truter, an experienced mining executive, has held a number of senior roles within Rio Tinto, most recently as president and COO of the Diavik Diamond Mine in Canada.

"I am delighted with Kim’s appointment and his extensive experience will be invaluable in leading the future development of the Argyle Diamond Mine," said Rio Tinto Diamonds managing director Bruce Cox. 

Truter, who was instrumental in leading the development of underground mining at the Diavik Diamond Mine, said, "The Argyle Diamond Mine is an iconic Australian operation and it plays an important role in Rio Tinto’s global diamonds business. I am looking forward to working with the team at such an exciting time in Argyle’s growth and development.”

The 100-percent owned Argyle Diamond Mine is located in Western Australia. It is the largest producer of colored diamonds and the only consistent producer of rare pink diamonds.