ENERGY INDUSTRIES – ECONOMIC ASPECTS -AUSTRALIA

Iron ore dive hits revenue expectations

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Original article by Paul Garvey
The Australian – Page: 19 & 22 : 7-Jul-17

Australia’s revenue from resource and energy exports will peak at $A205bn in 2016-17, according to revised forecasts from the Department of Industry, Innovation & ­Science. This is 4.6 per cent lower than it had forecast earlier in 2017, and the new forecast takes into account a sharp fall in the iron ore price in recent months. The department is bearish about the outlook for the steel input, forecasting that the benchmark price will fall to $US48 per tonne in 2018 and $US47 in 2019. It also anticipates a fall in the price of coking coal.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, AUSTRALIAN BUREAU OF STATISTICS

Mining, energy exports tipped to top $200b

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Original article by Peter Ker
The Australian Financial Review – Page: 4 : 9-Jan-17

The office of the chief economist, Mark Cully, has released a report which forecasts that Australia’s mining and energy exports will reach a record $A203.9bn in 2016-17. This compares with just $A157.1bn in the previous financial year. The prices of key commodities such as iron ore and coal have rallied since a previous report had forecast that the value of mining and energy exports would total $A163.4bn in 2016-17. However, Cully expects the average price of both commodities to fall in 2017.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE. OFFICE OF THE CHIEF ECONOMIST, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN BUREAU OF STATISTICS