ken henry talking sense, page-4

The investors are just running away especially in the mining industry.

Open your eyes and your mind.


"Mining investments driving Australian growth"

"PERTH (miningweekly.com) – The resources sector accounted for nearly half of the A$450.2-billion worth of major investment projects under way or committed to in Australia, Deloitte Access Economics reported on Wednesday.

In its quarterly Investment Monitor, Deloitte noted that some 45% of the projects in the database were in mining, with the sector showing A$105-billion growth from the previous year.

“Mining investment is the major driver of the surge in Australia’s business investment growth, and also of Australia’s economic growth. With the investment pipeline of projects in planning also dominated by mining, this trend is set to continue for some time,” the report said.

The March issue of the Investment Monitor saw the total value of projects in the database increasing by some A$8.4-billion, or 0.9% over the previous quarter, and some 20% over the past year.

The report noted that as had been the case for the past few quarters, major investment projects continued to transition through the planning stages. During the quarter under review, energy major Chevron’s $29-billion Wheatstone liquefied natural gas (LNG) project got under way, along with Inpex Alpha’s $30.8-billion Darwin LNG project, which transitioned to a committed status.

Deloitte noted that the value of the projects under construction also increased by 10.7% over the past three months, and by 70% over the past year."

http://www.miningweekly.com/article/mining-investments-driving-australian-growth-2012-05-02