As the mining boom wanes, Australia pivots to services
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In this ‘Economy in transition’ series, we explore the new economy facing Australia and the opportunities available to help the country shift from a minerals-led powerhouse, to a smart competitor in emerging global sectors. Today, we look at the sectors expected to lead Australia’s “pivot” from mining. Tony Makin, Griffith University It’s no secret the…

Did you know that 11 mega projects account for 76% of the mining boom?
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With the mining sector and commodity prices such a topical issue at the moment (for all the wrong reasons), it’s worthwhile having a look at the latest statistics regarding Australia’s resources and energy sector. As you can see from the Reserve Bank’s ‘Commodity Price Index’ below, non-rural commodity prices are down 21.6% since peaking in…

How will the mining boom look a year from now?
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The Bureau of Resources and Energy Economics (BREE) released their September quarter update on the resources and energy sector this week which revealed a fairly upbeat assessment of Australia’s resource driven exports sector.  The BREE update highlights that prices for key Australian commodities are falling and further falls are expected.  Providing some counterbalance to the lower prices…

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