National Pump and energy
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
Otraco Relief Tyre Technician Nsw
Otraco International - Seeking an experienced Relief Tyre technician to relieve at our NSW sites.

Storeperson
Downer EDi Mining is currently seeking expressions of interest for an experienced and resourceful female Storeperson

Hr Business Partner
Bis Industries is currently seeking an HR Business Partner to provide operational and strategic human resource support to our sites in the East.

Group Trainer
Bis Industries is seeking a Perth based Group Trainer to join its People and Culture team. This is a 6 mth fixed term opportunity with regular travel.

Fitters Outstanding Company
Fitters required to work locally with a very good company. Must have past mining equipment knowledge & expertise.

Second Hand Mining, Civil Equipment Up 41 Per Cent As Industry Recovers
In a sign of the recovery underway in the mining industry, an index of Australia's second-hand mining and civil fleet has found it has increased in value by 41%. Read Full Story Here

BREAKING: Bowen Basin Miners Take Industrial Action
Miners at Oaky North Mine have taken industrial action after the union and Glencore failed to reach agreement on a new deal. Read Full Story Here

Dozens Dead From Iranian Coal Mine Blast
An explosion in a coal mine in northern Iran killed at least 35 workers and injured scores more, state media reported. The blast occurred in the Zemestanyurt mine on Wednesday afternoon when ....

Iron Road Project Approved For South Australia's Eyre Peninsula
A $4.5 billion mining project that will create nearly 2,000 jobs during construction has been approved in South Australia. Iron Road has received a mining lease and development approval for the ....

Northern Territory Government Grants Licence For Gas Pipeline To Run From Tennant Creek To Mt Isa
The Northern Territory Resources Minister Ken Vowles has approved a pipeline licence for the Northern Gas Pipeline between Mount Isa and Tennant Creek. Read Full Story Here

iComplii