Australia experiences surprise mining rebound, data show

Australia's mining companies boosted spending 6.4% in the second quarter, the sector's strongest performance in a year, according to data from the Australian Bureau of Statistics. The increased spending more than compensated for a decline in manufacturing activity. Soaring spot prices for iron ore have produced a windfall for Australia's iron miners over the past three months.

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Sydney Morning Herald (Australia), The · Market News International · Bloomberg

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