Resource export earnings surge

Original article by Perry Williams
The Australian – Page: 17 & 21 : 1-Jul-19

The Department of Industry estimates that Australia’s resources export earnings reached a new high of $275bn in 2018-19. It forecasts that this will top $285bn in 2019-20, before falling to $260bn in 2020-21 as commodity prices ease. Iron ore exports are forecast to reach a record $79bn in 2019-20, up from $75bn in 2018-19, and ease to $65bn in 2020-21. Resources Minister Matt Canavan notes that mining investment has fallen in the last five years, and he says governments in Australia should capitalise on high commodity prices by reducing the regulatory barriers to investing in the sector.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, ADANI MINING PTY LTD

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