Oily outcomes

Two of Australia’s biggest resource industries, often close neighbours in regions such as the Pilbara, face contrasting fortunes as oil prices plunge.

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BC Iron has found freight costs to Asia have fallen by about $2 per tonne.

For the LNG industry, in which prices can be affected by cheap oil, the climate is concerning because long-term contracts and arcane pricing formulas can obscure the immediate effects.

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