Thursday 5 November 2009

Mining investment to return to record levels by 2012/13

Australia's mining sector will be booming again within three years, according to a new report released by leading industry analyst and economic forecaster, BIS Shrapnel.

 
Following a downturn over 2009/10 and 2010/11, BIS Shrapnel's Mining in Australia, 2009 to 2024 report forecasts annual gross mining investment in Australia will surpass $50 billion by 2011/12 (in constant 2006/07 prices), rising to over $60 billion by 2013/14.  BIS Shrapnel says the industry will be boosted by the development of multi-billion dollar projects in the oil and gas, iron ore, coal and copper sectors.

Contact: Adrian Hart