Min­ing bounces back in Aus­tralia

China Daily (USA) - - BUSINESS -

Gold and lithium min­ing is prompt­ing a min­ing resur­gence in Aus­tralia, a re­port said. The re­port, re­leased by con­sul­tancy Price­wa­ter­house Coop­ers on Wed­nes­day, said that the Aus­tralian min­ing sec­tor had ex­pe­ri­enced the worst of the in­dus­try down­turn and was now on its way back up again. The re­port said that mar­ket value for the 50 medium-sized min­ers on the Aus­tralian stock ex­change in­creased almost 25 per­cent from 2015 to $33 bil­lion in 2016 with gold firms ac­count­ing for nearly half the mar­ket value.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.