9 / 140
Business View Australia - August 2015 9
OPENING LINES
rends
a
especially its exports, under a cloud.
Two of the country’s major mining
exports, coal and iron ore have
witnessed massive declines in their
prices.
But it is interesting to note that in
the first quarter of 2015, exports of
iron ore to China from Australia rose
by 18% as compared to the same
period in the last year. The increased
level of exports touched 144 million
tonnes. But in this same period, the
price of iron ore declined by 48%,
leading to a 31% decline in the value
of exports. As a result the value of
iron ore exports was only $9.9 billion.
A similar trend has been witnessed
across many commodities with