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Iron ore becomes Australia’s $100bn export industry – Australian Mining
Iron ore is the first Australian commodity to crack $100 billion in annual export value, according to the Australian Government’s latest Resources Energy Quarterly report.
Piles of iron ore at Cape Lambert, Pilbara. Source: Rio Tinto
Iron ore is the first Australian commodity to crack $100 billion in annual export value, according to the Australian Government’s latest Resources Energy Quarterly report.
Australian exports for the metal reached $101.7 billion in the 2019-20 financial year, smashing the previous annual export benchmark of $77.5 billion, which was also set by iron ore in the 2018-19 financial year.
The Resources Energy Quarterly specified that whil…
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