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Iron ore: Australian mining''s silver lining "Over 2020-2024, the country''s iron ore output is expected to grow by a CAGR (combined annual growth rate) of 3.3% to reach 1,031.4 million tonnes (Mt) by 2024," said Kurtz, noting that the resilience of the Australian iron ore sector, combined with the demand for new mining projects, could lead to long-term growth, in spite of the pandemic.
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