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Record mineral export earnings: ABARE
10-September-08
Written by AAP & Rebecca Lawson

A major boost in the amount and value of iron ore exports has helped lift the nation's export earnings from mineral resources to a record $116 billion in the 2008 financial year, a commodity forecaster has reported.

The Australian Bureau of Agricultural and Resource Economics reported iron ore export earnings jumped 31 per cent or $4.8 billion to $20 billion, leading the charge of commodities posting an increase on the previous year.

Crude oil and condesate rose 26 per cent to $10.5 billion, thermal coal up 23 per cent to $8.3 billion and liquified natural gas gained 12 per cent to $5.9 billion.

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