SOURCE: Industrial Info Resources

September 27, 2007 05:01 ET

Volumes and Prices Grow for Australian Commodity Exports, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 27, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Australia's mineral and energy exports are forecast to rise 4% in 2007-08 to $98 billion. The Australian Bureau of Agricultural and Resource Economics (ABARE) also predicts that iron ore export volumes will rise 13% and coal exports 7%. In 2008-09, contract prices for iron ore are expected to be above 25% of current levels.

Although bottlenecks in rail and ports in New South Wales and Queensland have put a brake on coal export volumes, the recent high levels of investment in the country's mining industry now show that production and exports of minerals are increasing.

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