Mining keeps shine in COVID-19 gloom

Mining is one of the rare bright spots as the coronavirus hammers the Australian economy.

Yahoo News is reporting that mining investment is expected to grow for the first time in seven years by four per cent in 2019/20 and another 9.5 per cent in 2020/21.

The Morrison government's latest budget update said investment in large iron ore projects will continue, but it noted global uncertainty and lower commodity prices have led to delays in final investment decisions for new projects.

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