Date: Tuesday 8 July 2008

Mining sector to keep Australian economy from stalling. Mining investment at record levels.

Australia’s booming mining sector will help insulate the economy from recession for the next five years according to a new report released by leading independent economic forecaster and industry analyst, BIS Shrapnel.
 
Mining in Australia, 2008 to 2023 states sustained, historically high levels of mining investment coupled with soaring production is poised to offset the dampening impact of rising costs and interest rates, delivering GDP growth of between 2.5 and 4.5 per cent per annum over each of the next five years.

Contact: Adrian Hart