· ANNUAL investment in Australia's mining sector will soar 66 per cent to billion by 2015 researcher BIS Shrapnel says. The lift comes as huge .
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Mining investment in Australia is set to decline sharply over the next three years, resulting in 20,000 job losses. A new report by BIS Shrapnel – Mining in Australia 2015 to 2030 – predicts . Read more. Adrian Hart Associate Director Construction . Analyst and forecaster for BIS Shrapnel's Economics, and Infrastructure and Mining business units, covering a broad range of expenditure ...
Economic forecasting agency BIS Shrapnel has reported that engineering work, spurred on by the mining boom, would be about 128 billion in Australia this financial year. It may be easy to suggest that, despite the rumours, the mining boom is set to continue long into the future. However, the report was quite downbeat. ABC Online said BIS Shrapnel predicted that a "slowdown in mining investment ...
· Adrian Hart, BIS Shrapnel's head of infrastructure and mining, says despite growing concerns about how Australia will cope without the resources investment and construction boom, mining will continue to drive economic growth. "The growth in the mining part of the Australian economy is being driven by production from here," he said. "So the strong growth that we see in production is ...
· The other side of Australia's mining investment boom won't look so bad according to new longterm forecasts released today by BIS Shrapnel. The research firm says dwelling investment is about to take off in most of the country and investment in the two thirds of the economy not exposed to international trade is not too far behind. "Mining investment will soon stop growing," says senior ...
– BIS Shrapnel estimates "total mining investment rose a further 22% in 2007/08 to billion "and expects "investment will remain at historically high levels " – BIS Shrapnel expects a "surge in new production during the next few years "and "commodity prices to remain well above long term levels " • Runge expects demand for its products and services to remain strong ...
· Last month, BIS Shrapnel reported similar findings and emphasised a shift away from mining investment and towards production. In fact, the organisation forecast a 41 per cent rise in mining production activity over the next five years. How companies within the industry cope with change will be an important factor in their performance over the coming years, EIU said, which could encourage more ...
· BIS Shrapnel senior residential manager Angie Zigomanis agrees. "From a domestic perspective, there is still a lot of mining investment activity in the pipeline. If you're a mining company and you spend 4bn of a 10bn project, you're going to finish it. The next couple of years of spending are pretty much locked in," he says. Zigomanis says that a lot of the projects currently ...