Falling iron ore prices 'to wipe A$25bn off Australia revenues'

Australia expects the plunging price of iron ore - its biggest export - to reduce revenue forecasts by A$25bn (£13bn; $19bn) over the next four years, Treasurer Joe Hockey has said. via Pocket http://www.bbc.co.uk/news/world-australia-32281858#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa