Photographer: Nelson Ching/Bloomberg

Australia Positioned to Withstand Resources Drop, Minister Says

  • Proximity to Asia, falling currency add to competitiveness
  • Commodities indispensable to global growth and progress

Australia’s proximity to Asia coupled with a falling currency and low mining costs will strengthen its global competitiveness and help it weather the resources downturn, Josh Frydenberg, resources minister, wrote in a column in the Australian newspaper Saturday.

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