Australia's bulk exports to continue rapid growth
Continued decline in prices should mean more shipments for exporters of Australia’s energy resources “for years to come,” according to the Bureau of Resources and Energy Economics (BREE).
A bulker loads iron ore for export at Dampier; Photo - Rio Tinto
The bureau is forecasting LNG exports of 23.3m tonnes (mt) for the 2012/13 financial year, which would be a 21% increase from the 19.25mt exported in the 2011/12 financial year.
This growth will largely be helped by the ramp-up in production...
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