Australia's mining-driven economy expanded 1.3 percent in the first three months of 2012

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Australia's mining-driven economy expanded 1.3 percent in the first three months of 2012

Torsten Blackwood

Shoppers pass a luxury goods store in Sydney in May 2012. Australia Wednesday said its mining-driven economy expanded 1.3 percent in the first three months of 2012 -- double expectations -- as consumer spending rose and business investment boomed.