Australian mining sets new trade record
Published by Stephanie Roker,
Editor
Dry Bulk,
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.drybulkmagazine.com/shipping/04072019/australian-mining-sets-new-trade-record/
You might also like
NORDEN appoint new dry cargo head
Christian Antonsen will lead NORDEN’s team of 100 dry cargo employees and the company's fleet of some 300 dry bulk vessel.