How Australia's iron ore export ban was beaten
How Australiaâs iron ore export ban was beaten We have three visionaries to thank for mineral resources riches that are pouring into the federal budget coffers. Save Share Extraordinary prices and Chinaâs insatiable demand have combined to make iron ore Australiaâs new glamour export. And Tuesday nightâs federal budget will reveal the industry is also pouring record amounts into government coffers. Yet itâs hard to believe that a ban on ore exports had applied until 1960. The reason? The Menzies governmentâs policy that limited proven reserves should be saved for...
Source: afr.com