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NT Government
Data released this week by the ABS showed Australia posted a $9.7 billion trade surplus in May, which is not far off the record high of $9.87 billion set in January.
The data is very much in line with the Territory’s Economic Reconstruction final report and its focus on our mining and agriculture sectors as key contributors to the Territory economic rebound.
This month we saw the first shipment of iron ore from processed waste materials at Frances Creek Mine celebrated, as iron ore prices hit record highs, reaching more than US$210 per tonne as demand for the mineral soars.