The Boom: Iron ore and Australia
Australia has been endowed with giant iron ore mineral resources and we keep finding more. In 2010, iron ore overtook coal as Australia’s most valuable export – $47.2 billion worth left our ...
The export boom may have peaked as key …
A sudden slump in iron ore prices and shipments may point to Australias export boom hitting its peak. Key points: Falling iron ore and coal exports in July point to Australias trade surplus ...
A billionaire battle: Wright family in bitter court ...
Australia’s decade-long resources boom can be credited to a once-in-a-century explosion in construction projects in China that stone iron ore prices skyrocket by a factor of 10 in the early 2000s.
Iron ore prices are booming now, but may be ... - …
Iron ore prices have nearly doubled this year, after another major mine disaster in January knocked out a lot of production in Brazil, and are at their highest levels in five years. But the boom ...
Iron ore’s $100bn export boom - …
Iron ore is projected to be Australia’s first commodity to top $100bn of export earnings in a single year, as the nation’s biggest exporters shrug off a global market meltdown to cash in on ...
Chronic supply crunch = boom time for iron ore …
However, Australia also has an abundance of iron ore and the industry is a major contributor to the economy — meaning a whole lot less red tape for miners to get caught up in.
Konideo - Australia iron ore industry: after the …
Australia was standing out as one of the most at risk and iron ore has the poster boy for this commodity boom and bust. In mid-2011, we wrote about about Australia’s large exposure to China . Steve Nguyen followed up with two articles about Sino-Australian trade (2013) and Australia’s iron ore …
How China drives the Australian iron ore boom …
In the meantime, Australia’s iron ore juniors are now “racing to market” in the hope of avoiding the fate of Olympic Dam and Weld Range. While the China-driven iron ore boom is far from over ...
Iron ore mining in Western Australia - Wikipedia
The iron ore mining boom in Western Australia experienced since the early 2000s has not exclusively been seen as positive. Communities in the Pilbara region have seen a large influx of residential and Fly-in fly-out workers which has seen land prices skyrocket and has negatively affected tourism as accommodation has become sparse. Australian Aboriginalculture in the region is deeply connected to the land and water and the mining acti…
Mining exports smash records as sector enters …
Mining exports smash records as sector enters new boom Resources export, dollar An excavator loads iron ore on to a dump truck at Fortescue’s Solomon Hub mine in the Pilbara.
Former Australian boom town carves road to …
Australia’s government in March forecast iron ore exports worth A$101 billion ($65.1 billion) in the financial year ending June 30, up from $79 billion a year earlier.
From boom to bust in Australias mining towns - …
In the case of iron ore, in mid-December it was trading at about US$70 a tonne, the lowest level since 2009.
When a slump hits a vast iron ore mine in …
Australias iron ore industry has hit a slump after decades of boom fuelled by rampant demand from China. This is threatening the livelihoods of thousands of miners and entire communities ...
They’ve lost the lot: how the Australian mining …
They’ve lost the lot: how the Australian mining boom blew up in property owners faces Home repossessions and calls to financial counsellors soared in Western Australia as prices crashed.
Box B: The Recent Increase in Iron Ore Prices and ...
The recent strength in iron ore prices is not expected to drive much of a near-term increase in iron ore production in Australia, beyond what was already in train. Australian export volumes have recovered over the past few months as disruptions have been resolved, but production was already near full capacity before the disruptions, so volumes have little scope to increase much further in the ...
Iron ore boom is back with $25.5b ... - The West …
WA’s big iron ore miners are gearing up to spend $25.5 billion to extend the life of their Pilbara iron ore operations, according to investment bank UBS, with the mini-iron ore boom promising jobs, growth and a new wave of construction work.
Mining in Australia - Wikipedia
Mining in Australia has long been a significant primary industry and contributor to the Australian economy by providing export income, royalty payments and employment. Historically, mining booms have also encouraged population growth via immigration to Australia, particularly the gold rushes of the 1850s. Many different ores, gems and minerals have been mined in the past and a wide variety are ...