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Glass Earth to raise C$3M in private placement for Hauraki developments

Glass Earth Gold is raising as much as C$3 million in a private placement in Canada to raise funds to develop its Neavesville and WKP projects in the Hauraki region. The placement follows Glass Earth’s announcement last month that it had gained rights to take over the Neavesville gold and silver prospect from Canadian resource developer Eurasian Minerals. The WKP …

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Chorus wins in push-back against proposed copper pricing, faces smaller reductions

Chorus, the telecommunications network operator, won’t have to cut its prices for copper-line services as deeply as initially feared after the antitrust regulator set pricing over the unbundled copper local loop. The Commerce Commission has set the new geographically averaged price at $23.52 per month per line from Dec. 1, 2014, a 3.9 percent reduction to the prices set in …

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NZ dollar little changed vs. Oz dollar as RBA, RBNZ rate reviews awaited

  The New Zealand dollar was little changed against the Australian dollar amid expectations the Reserve Bank of Australia will cut its benchmark interest rate this week while New Zealand’s central bank will keep rates unchanged, narrowing the premium offered across the Tasman. The New Zealand dollar traded at 78.59 Australian cents from 78.65 cents in New York on Friday. …

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