Australia’s mining companies are in an unquestionably formidable position, but that doesn’t mean they always get their own way. BHP Billiton and Rio Tinto are trying to get out of diamonds and aluminium, respectively. While both will no doubt collect enough cash from iron ore, coal, copper and, increasingly, uranium to make these deals seem trivial, there are still signals that each company won’t get the prices they might have hoped for. Meanwhile, some investment banking units from Royal Bank of Scotland in the Australian-Asian region might be about to come onto the market – could some of the big four be interested? Elsewhere, Hastings Diversified Utilities Fund has given APA Group something to think about, ownership at engineering group Clough could be about to change hands and attention is still firmly on the ACCC and its decision on the Foxtel-Austar deal.