Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Australian Federal Treasurer Joe Hockey on Monday said he could have been “more prudent” with an iron-ore price forecast when announcing the mid-year Budget update, in December, and that he was factoring in a price as low as $35/t for next month’s Budget announcement. Speaking to the ABC TV from New York on Monday, Hockey said that there was no doubt that the falling iron-ore price would have an impact of Australia’s Budget, given that the commodity was the country’s largest export.
Australian Federal Treasurer Joe Hockey on Monday said he could have been “more prudent” with an iron-ore price forecast when announcing the mid-year Budget update, in December, and that he was factoring in a price as low as $35/t for next month’s Budget announcement. Speaking to the ABC TV from New York on Monday, Hockey said that there was no doubt that the falling iron-ore price would have an impact of Australia’s Budget, given that the commodity was the country’s largest export.
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