News Wrap

IN THIS morning’s News Wrap: Australia’s resource exports face $40B hit over next two years; Bandt says coal and gas should be phased out by 2030; and Carbon monoxide kills 16 trapped coal miners.

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Australia’s resource exports face $40B hit over next two years.

Australia's resource exports face $40B hit over next two years

Australia's resource exports are tipped to collapse by almost $40 billion in the next two years — $10bn deeper than the federal