Otmane El Rhazi : Softening exchange rate breathing new life into Australian gold sector as prices edge up

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

The prices for some of Australia’s largest export commodities have fallen dramatically in the last year, dumping the country’s iron-ore and coal sectors into unprecedented doldrums. On the west coast of Australia, the iron-ore sector has been subjected to in-fighting, with Australian-owned producers blaming majors for flooding the markets and toppling the once-high price for Pilbara iron. On the east coast, miners were cutting costs in an effort to combat the declining prices.