Tag: industry
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Iron ore price drop would leave Australian miners at risk
Small-scale junior iron ore miners in Australia could face serious damage to their portfolios if prices drop in the near future. In a market that is known to be highly cyclical, a recent downturn in iron ore prices after a quarter of sustained growth is a cause for concern to the smaller mining operations, such…
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Government announces code of conduct to resolve sugar dispute
The Federal Government has outlined plans to implement a code of conduct for the Australian sugar industry in an attempt to curb the dispute between cane-growers and refiners in North Queensland. Sugar refiners Wilmar have been locked in a dispute with industry marketers Queensland Sugar Limited (QSL) over mill access and sugar prices, leaving cane-growers…
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Australian tourism industry booming
The Australian Bureau of Statistics has reported that Australia received more short-term visitors than ever in October. The Australian tourism industry recorded over 713,300 more visitors than the previous year, an improvement of 12.7%. That increase in short-term visitors takes the year’s total to over 8 million visitors, with an increase of 819,800 arrivals (or 11.2%)…