Australia’s mining industry continues to drive economic growth, with new figures from the Department of Industry’s Office of the Chief Economist forecasting that resources exports will hit a record high in 2017-18.
The Chief Economist is also predicting an increase in the contribution of the mining services sector to the economy, highlighting Australia’s mining industry as a global leader in innovation.
The Resources and Energy Quarterly notes that increasing shipments of a number of Australia’s principal resource exports will contribute to another boom year for Australia’s world-class minerals sector.
This is great news for the Australian economy because a strong mining sector equals a strong economy.
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