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ASX reaches 11 year high: Aus shares 0.9% higher at noon

17 May 2019 – The ASX200 opened higher following encouraging leads from the US and has seen a bullish rally during the first two hours of trade which has propelled the market to a new 11 year high. Rio Tinto (ASX:RIO) has awarded the Koodaideri Rail Formation South Earthworks contract for their iron ore project in the Pilbara region to mining contractor NRW Holdings (ASX:NWH).

Source: Finance News Network

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