Monday, October 24, 2011

Five-year mining boom now underway

Despite concerns over the global economy and the introduction of new domestic taxes on carbon, iron ore and coal mining profits, Australia’s mining sector will boom right through the next five years, according to a new report released by leading independent economic forecaster and industry analyst, BIS Shrapnel.

But BIS Shrapnel’s Mining in Australia report notes that rising production and the return of strong investment growth will also bring back the same problems which previously constrained the boom in mining.

Contact: Adrian Hart