Mini-Boom For Miners

The consultancy says resource-exposed companies are in a position to benefit from the opportunities the one-two punch of strong prices for key commodities and increasing investment are expected to deliver this financial year - if they can manage the risks, and work smarter.

Figures from the Australian government show export expectations are expected to be A$13 billion higher for 2019-20 than expected, coming in at $285 billion, with iron ore almost $80 billion alone, thanks to Vale's issues restricting Brazilian production.

The peak is 12 months later and higher in value than originally thought, driven by a swing in the global iron ore and gold prices, coupled with a favourable Australian dollar, KPMG's Australian and global mining leader Trevor Hart said.