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Chinese Demand Coal and Iron Ore Effect Australian Mining Boom
Australian Mining Boom Stokes Profits, Narrows Record Deficit
Australia’s mining boom, stoked by Chinese demand for coal and iron ore, helped boost company profits by the most in more than seven years and narrow the nation’s current account deficit from a record.
Company profits advanced 14.3 percent in the second quarter, more than six times the 2.3 [...]
