Australia’s Resource Exports Forecast to Reach $209B Despite Weak Prices

By International Business Times,  June 27, 2012, 11:19:33 PM EDT

Despite weaker commodity prices globally, Australia expects record-high $209 billion export revenue from mining and energy resources in the coming financial year. The Bureau of Resources and Energy Economics attributes its optimism to new resource projects going full blast this year.

In particular, the bureau cited the fast expansion of iron ore, liquefied natural gas ( LNG ) and coal ventures and the rise in demand for these commodities, especially in Asia.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: LNG



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