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Mining industry ends 2016 on a positive note

Friday 30th of December 2016 11:30:49 AM



There has been an unexpected rally with Australia’s two largest exports, coal and iron ore as 2016 draws to a close.

Even though the price has eased back a little, gold has been the proverbial shining light and even base metals had a greater lustre.

The new kids on the block that seemed only to go one way, up, were the so-called tech metals like lithium and graphite.

It seems that despite a lot of media and public commentary about the end of the mining boom, the industry is not exactly on its knees.

"There is still significant activity going on in the mining industry in terms of the existing mines, and indeed the continuing search for the next mine," said analyst Scott Brimley with business consultants Ernst and Young.



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