All
 

 

Just in:  

You are here: Home»Markets»Commodities»Australia»Australia cuts iron ore export revenue forecasts

iron-ore copy copyCANBERRA: Australia, the world's biggest iron ore producer, revised down its forecast for export revenue for the steelmaking ingredient on Tuesday, a fresh sign the mining sector is losing steam as a slowdown in top customer China drives down iron ore prices. The Bureau of Resources and Energy Economics (BREE) forecast iron ore exports in the year to June 30, 2013, would be 509 million tonnes, little changed on its June forecast of 510 million tonnes and up 8 percent on the previous year.

But the bureau forecast iron ore revenue would fall sharply.

Total iron ore export revenue was forecast at A$53.15 billion ($55.83 billion), compared to the previous forecast of A$66.94 billion, reflecting weaker global prices for iron ore.

The bureau said it expected contract prices for iron ore to be $126 per tonne through 2012 and $101 in 2013.

Copyright Reuters, 2012


 



 
Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
Arrow DAX 9,794.06 0.42
Arrow CAC-40 4,410.65 0.78
Arrow Nikkei 15,284.42 0.29
Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln