The mining sector dominated the Australian stockmarket last financial year while former blue-chip technology and healthcare stocks were smashed.

The mining sector dominated the Australian stockmarket last financial year while former blue-chip technology and healthcare stocks were smashed.

The nation’s wealthiest executives collectively lost more than $11 billion last financial year after the rout in technology stocks, but miners emerged as winners.

The fortunes of mining magnates such as Andrew Forrest and Chris Ellison have soared this year.