Australia's mining exports hit $278bn – but bonanza at risk, says report

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Despite record earnings from resources sector, tax revenues could fall with coal under threat from Beijing rethink

Australia’s booming earnings from coal exports could be in jeopardy if China switches to more domestic supply and if port restrictions continue to favour competing exporters, a federal government report has warned.

The country’s energy and resources exports will rake in an extra $20bn to rise to $278bn this financial year, the report by the industry department said, creating a timely bonanza for the treasurer, Josh Frydenberg, to exploit in next week’s federal budget.

Related: Australia’s coal bonanza at risk as Chinese import ‘ban’ spreads

Australia’s #resource and energy #exports to hit a record high of $278
billion in 2018–19. (2/6) #ausecon #commodities https://t.co/hRa7VvzQQX pic.twitter.com/t9srpgT0Mk

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Link : Australia’s mining exports hit 8bn – but bonanza at risk, says report

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