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Iron ore to steal coal's mantle

IRON Ore is set to overtake coal as Australia's most lucrative commodity export in 2006-07 by generating $18 billion in export revenue, according to a report released by the country's peak economic forecaster.

Michael Vaughan
Iron ore to steal coal's mantle

The Australian Bureau of Agricultural and Resource Economics (ABARE) has also tipped a 12% rise in iron ore prices in the current round of negotiations with Asian steel mills. The Government forecaster...

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