22.03.2012 - Australia: Positive outlook eases investor fears
The government's commodities forecaster has boosted medium-term iron ore production and price forecasts, defying concerns that a slowdown in China will weigh on mining revenue and that prices could be in for a sharp decline. The Bureau of Resources and Energy Economics forecasts that iron ore prices will fall from about $US140 a tonne to $US109 in the next five years, putting it among the more bullish forecasters...............................................Full Article: Source
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