Otmane El Rhazi : Iron-ore to boost Australia economy by A$600bn in next decade – report

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

New research commissioned by the Minerals Council of Australia (MCA) has revealed that despite the severe fall in iron-ore prices, the Australian iron-ore sector was expected to contribute more than A$600-billion to the economy over the next decade. In the new report, titled ‘Iron Ore; The Bigger Picture’, consulting firm Port Jackson Partners noted that the Australian iron-ore sector benefited significantly from the resources boom, and ended the commodities boom in a stronger position than which it entered it.