Mineral and energy exports continue to drive economy

STRONG demand for Australia’s burgeoning resources industry will help deliver an increase in export earnings in the coming years but the Bureau of Resources and Energy Economics predicts the country’s largest export commodity, iron ore, has peaked in pricing and will fall back below $US100 per tonne.

Mineral and energy exports continue to drive economy Mineral and energy exports continue to drive economy Mineral and energy exports continue to drive economy Mineral and energy exports continue to drive economy Mineral and energy exports continue to drive economy

According to BREE’s September Resources and Energy Quarterly, Australia’s mineral and energy export earnings totalled $A177 billion in 2012-13, down 8% from 2011-12.

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