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Australia: Commodity forecaster says mining investment boom has peaked and projects have declined

Posted on 28 November 2013

The Federal Government’s commodities forecaster says the mining investment boom has peaked and the number of major resources projects has fallen. In its latest report, the Bureau of Resources and Energy Economics says Australia is seeing the transition from record mining investment to the mining production phase.
The Bureau says lower commodity prices and rising costs have led to a fall in the number of resources projects compared to six months ago………………………………………..Full Article: Source


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