Australia has learnt to deal with mining booms: Battellino
The ongoing mining boom in Australia was being driven by China and other emerging economies' demand for energy, Ric Battellino, the deputy governor of the Reserve Bank of Australia, told the Sydney Institute on Tuesday.
The financial crisis had temporarily dulled the underlying strength of this demand for minerals and energy, but its effects were beginning to resurface, Battellino said. There were a few key differences between this episode and previous ones, such as the 1850s gold rush or the
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