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Pilbara iron ore juniors are scrambling to ink rail haulage deals as high capital costs and lower prices make them shy away from funding infrastructure.
Australian shares are one per cent firmer as a rising crude oil price underpins energy stocks, following the Egyptian political upheaval.
Whitehaven Coal has received final approve to build its $767 million Maules Creek mine in north west NSW following a three year approvals process.
The Australian share market is higher, follwing gains in Europe and growth in commodity prices.
Shares in Echo Entertainment have fallen heavily and Crown shares are on the rise after the NSW government favoured Crown's Sydney development plans.
Approvals for the construction of new homes fell 1.1 per cent in May but approvals for houses rose 2.5 per cent, official figures show.
