Australian mining sets new trade record
Published by Stephanie Roker,
Editor
Global Mining Review,
Australian Bureau of Statistics (ABS) trade data released on 4 July confirms that Australia’s resources industry continues to underpin job creation and national economic growth.
When mining is strong, Australia wins.
In May 2019, Australia’s world-class resources sector generated a record high AUS$24.9 billion in export earnings for the nation, or 60% of total export income.
This is also a record-breaking month for Australia iron ore exports, which accounted for AUS$8.8 billion in export earnings.
Other Australian minerals and metals exports including gold, copper and nickel contributed AUS$6.6 billion in earnings.
Resource exports will boost economic growth and continue to strengthen Australia’s fiscal position – delivering revenue to fund teachers, nurses, police, infrastructure projects and personal income tax cuts.
Read the article online at: https://www.globalminingreview.com/mining/04072019/australian-mining-sets-new-trade-record/
You might also like
Private networks, a myth or a solution to digital transformation in mining?
Mines pose extreme connectivity challenges. Jaakko Kuukka, Country Manager Nordics, Boldyn Networks, explains that dedicated 4G and 5G private networks are essential to meet those rising demand and power the industry’s future.