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Hard coking coal dropped 11 per cent, or $186 million, while thermal coal fell 13 per cent, or $161 million.Exports of iron ore, used by Chinese steel-makers, declined eight per cent or $851 million.However, this drop followed a record October and the Bureau of Statistics said the November tally was high by historical standards.Iron ore may yet be subject to sanctions. Chinese steel-makers have reportedly called for an inquiry into soaring prices of the commodity.Miners including BHP, Fortescue and Rio Tinto have thrived on strong demand and the price of iron ore reached more than $US170 per tonne this week.
One of the key contributors to Australia's exports increase for November was gold, which rose 39 per cent or $746 million.Gold was sold mostly to Singapore.