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Australia: Mining investment hits record high

Posted on 29 November 2012

Several huge liquefied natural gas projects have pushed committed investment in the resources sector to a record $268 billion, the government’s commodity forecaster says. But in a sign of the growing risks to the investment pipeline, the Bureau of Resources and Energy Economics has warned that cost blowouts and weak conditions could constrain future spending growth.
Figures published on Wednesday said there were 87 major projects in Australia worth a collective $268 billion that had been given the green light to proceed………………………………………..Full Article: Source


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