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Western Australia | Very high iron ore prices & large tonnages exported to China by the big 3 mining companies in Western Australia. BHP , Rio Tinto & FMG have all enjoyed rising share prices in the last 6 months as they have capitalised on the iron ore price. Also Vale out of Brazil has had big problems with their iron ore mining exports. Australia’s two largest LPG producers are also doing very well lately.
Our dollar has always been directly related to our export earnings of these two commodities.Not doing us grain growers any favours though , love to see the Aus $ back to 70 US cents. | |
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What does the Aussie dollar tell us
