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Australian leader offers fuel aid to state



By ROD McGUIRK, AP
18 June 2008 @ 11:45 am EST

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APA 69.46 -7.84

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Only 2 million of Australia's 21 million people live in Western Australia. But the state's exports of minerals and gas to feed Chinese and Indian industrial expansion are an increasingly important driver of Australian economic growth.

The state's Chamber of Commerce and Industry expects up to 15 percent of the state's companies could be forced to temporarily shut down. Several mining and industrial companies have already scaled back production.

The federal government has predicted that the crisis will reduce the nation's economic growth but has yet to specify an amount.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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