Other winners include Northgate Minerals, up 88%, and Mesabi Trust, a company whose income is derived from iron ore mining in Minnesota.
Ms Gillard plans a broadband network for rural areas, a 30% tax on iron ore and coal mining companies' profits, and a tax on major polluters to help cut carbon emissions by 5% by 2020.
Ms Gillard has promised a 30% tax on iron ore and coal mining companies' profits, a tax on major polluters to help cut carbon emissions by 5% in 10 years and a broadband network for rural areas.
Australia's Senate approved the government's new tax on profits from mining iron ore and coal.
Freight business includes transport of bulk mineral commodities, including iron ore, agricultural products, mining and industrial inputs and general freight throughout Queensland and Western Australia.
On October 28th Fortescue reversed its long-standing public optimism and announced it would curtail expansion, a huge blow given the importance of scale in efficient mining of iron ore.
ECONOMIST: Fortunes in the mining business come and go faster than ever
Freight rates hit a record low Wednesday on weak demand for iron ore, poor weather conditions in mining regions and a glut of shipping capacity.
As for the Mining Boom III, the pick up in export volumes flowing from the surge in mining investment in iron ore, coal and liquid natural gas will start to get underway around 2014-15.
One reason, argues Ian Maxwell of Schroder Salomon Smith Barney, an investment bank, is that only the biggest firms can afford to get over the high barriers to entry in the high-return, low-risk niches of the mining business: iron ore, alumina, diamonds and industrial minerals.
The desperate search for upside earnings surprises even embraces mining properties covering coal, iron ore and copper.
The mining industry, from metals to iron ore, has also seen earnings and outlooks take a hit recently, with names like Cliffs Natural Resources ( CLF) and Joy Global ( JOY) being sold as estimates soften.
BHP, Rio Tinto and Brazilian mining company Vale are the top three suppliers of iron ore to China.
Luo Bingsheng, the deputy secretary of the steel association, said China has overseas mining rights capable of producing 150 million tons of iron ore each year, but most of them have not yet started producing.
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The cut was due to declining mining activity globally due to softening of metal and iron-ore prices.
Rio Tinto (nyse: RTP - news - people ), based in London, is one of the most diversified mining companies in the world, with huge reserves of iron ore, copper, aluminum and uranium.
The past two decades have been formidable for her country: curbing inflation (by creating the real and pegging it to the U.S. dollar), privatization (notably, the state-owned telecommunication and mining companies) and a commodities boom (soybean and iron ore).
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It's mining company, Vale, is the world's largest iron ore exporter and China is its biggest buyer.
The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium, dioxide feedstock, diamonds, talc and zircon.
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Pangaro likes Companhia Vale do Rio Doce (nyse: RIO - news - people ), known as CVRD, a mining and metals giant that benefited from a 71% increase in iron ore prices last year and a 19% rise this year.
The mining group has said that it wants to focus on core businesses such as iron ore and coal.
Mining group Anglo American has reported a drop in fourth quarter production of platinum and iron ore.
In June, Rio rejected an offer by Chinalco, a state-controlled aluminium company, to raise its stake in the mining company to 18%, preferring a joint venture with BHP Billiton encompassing the iron ore assets of both comanies in Australia.
Vale is the second-largest mining company in the world that produces a wide range of metals, the largest being iron ore and nickel.
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