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Growth shows sector strength

Steady growth of 7 per cent in export earnings has demonstrated the strength of the mineral resource and energy sector in Australia.

According to Australian Mineral Statistics, export earnings by the Australian minerals and energy sector increased by $717 million to $11 billion for the March quarter 2000.

This is the third successive quarter in which export earnings have increased. The results mainly reflect higher export prices for a range of mineral and energy commodities, as well as increased export volumes for petroleum products.

The highest increase in commodities, of more than $50 million, was crude oil and other refinery feedstock.

However, several commodities registered falls in export earnings including iron ore, copper, lead, salt, coking coal and uranium.

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