HomeMining Industry News Export price jump, outlook for Australia

Export price jump, outlook for Australia

Monday 9th of January 2017 10:34:51 AM



For the first time in almost 3 years Australia’s trade balance has returned to surplus with the Bureau of Statistics figures showing a trade surplus of $1.24 billion for November.

That is up from a $1.1 billion trade deficit in October and marks the first monthly surplus since March 2014.

Paul Dales, Capital Economics' chief economist said the surplus has been driven by the recent rapid rise in prices for iron ore and coal.

"When prices for exports rise, the value of those exports rise and that improves the trade position," he explained.

"So it really is just a sign that higher commodity prices are starting to filter through into higher national incomes."



Read Full Story Here

Recent Related News

Y Fronts teaser banneriComplii MiningLink prefered resume writers Civil Link Banner
EOI Final Trim Grader Operator
We are currently seeking expressions of interests from experienced grader operators for tailings dam project in Boddington.

Supervisor Warehouse
Reporting to the Superintendent Warehousing, within the Warehousing & Inventory team this role is responsible for the operation of the Warehouse to provide materials to site customers safely

Kalgoorlie Technician Maintenance
Nickel West Kalgoorlie is seeking three (3) experienced Maintenance Technicians (Mechanical Fitter's) to join the MN20 Services Workshop Mechanical Maintenance team

Excavator Operator
The team at Stellar Workforce would like to hear from experienced coal mining Excavator Operators

Experienced Dump Truck Operator
The team at Stellar Workforce would like to hear from experienced Coal Mining Dump Truck & Loader Operators. You will be working with our highly reputable client based out of Dysart.

Union Calling On Large Companies To Offer More Apprenticeships
It is believed by the Australian Manufacturing Workers’ Union state official, Jason Lund, that unless major employers like mining companies offer more programs to train new workers for permanent ....

Tasmania's Henty Mine Pours Its First Bars Of Gold
The first gold has been poured at the Henty Gold mine on Tasmania’s west coast since it has returned to production. The mine returned to production last year when it was bought by ....

Deal Between Alcoa And AGL To Keep Portland Plant Operating
A generous new electricity supply deal with AGL has come through with Alcoa’s Portland aluminium smelter, ensuring the troubled plant is likely to stay open. Alcoa and AGL reached an agreement ....

WA Uranium Mine Gets Government Approval
Canadian mining company Cameco’s Yeelirrie uranium project in the Western Australia’s mid-west has been approved by the West Australian government. Last August the Environmental Protection ....

Petrol Prices Jump Due To Reduced Production In Crude Oil
Premium fuel prices have jumped to as high as 166.9 cents per litre in Mudgee due to a reduction in crude oil production. The cheapest price for unleaded in Mudgee according to the state ....

Downer Group