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Mining driving export wins

AUSTRALIA’S mining sector made profits of $55 billion, or about $600 million per day in the June quarter, Australian Bureau of Statistics data has revealed, with profits up 18.4% on the first three months of the year and 43.4% over the year.

Karma Barndon
Iron ore production keeps economy ticking over

Iron ore production keeps economy ticking over

The ABS said Australia's terms of trade rose 7% in the quarter, driven by strong export prices for mining commodities. Iron ore was the biggest driver, with prices going above $269 per tonne during...

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