Resource spike due to exports

Submitted 10/12/2008

Migration for Business Growth

 

Earnings from energy and mineral resources increased by 22 per cent to a record $42.6 million in the September quarter, according to the nation's commodity forecaster. Figures released today by the Australian Bureau of Agricultural and Resource Economics show the index of energy and mineral export prices increased by 20 per cent in the quarter. The energy export price index increased by 28 per cent over the same period, the figures show. The index of prices for metals and related minerals rose by 13 per cent, due to higher contract prices for iron ore. -- AAP