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Mining billionaire Gina Rinehart has called on business leaders to speak up against government regulations she says are making it harder for Australia to compete.
Rio Tinto has deferred making an investment decision on its proposed billion-dollar new iron ore mine in West Australia's Pilbara region but is sticking with plans to ramp up production of the commodity.
Gold has fallen to the lowest level in a week as assets in the largest exchange-traded product backed by the metal shrank to the smallest in more than six years. Silver, platinum and palladium also decreased.
Gold prices are virtually unchanged in quiet, pre-holiday trade as investors find little direction in lacklustre US economic data and a flat stock market.