This is Australia's resource exports by value for last year...

This is Australia's resource exports by value for last year (from ABARE data). The segments I have highlighted in green will almost certainly see big increases in value this year. Iron ore and coal in due to expected contract price rises (perhaps up to 50% or more), gold just generally bullish and oil - whatever you think of its current direction the average price should be higher than last year.

The others are harder to predict due to volatility in spot markets, but graph does show that the base metals are of relatively little importance compared to the bulks and energy. Some of the smaller segment I know nothing about so I haven't coloured them either.

On the whole not a very bearish picture I would think particularly for the big diversified miners.