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Australia's record-breaking mining exports hint of new sector boom


Australia's trade surplus surged to a record high in December of $3.5 billion thanks to a mix of higher mineral exports and soaring commodity prices, in which some see the beginning of a new mining boom. Exports' value jumped 5 percent in December from November helped by a 14 percent increase in coal and a 10 percent rise in iron ore shipments, outstripping imports which rose 1 percent, figures from the Australian Bureau of Statistics published Thursday show. more

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