Original article by Paul Garvey
The Australian – Page: 32 : 8-Dec-16
Data from the Australian Bureau of Statistics shows that mining companies reduced their investment in new projects by 10.6 per cent in the September 2016 quarter. The sector’s capital expenditure has fallen for 14 consecutive quarters. However, this may lead to an undersupply of such commodities, which in turn could prompt renewed capex. There are already indications of an upturn in greenfields exploration and IPO activity in the minerals sector.
AUSTRALIAN BUREAU OF STATISTICS, ASSOCIATION OF MINING AND EXPLORATION COMPANIES, METALICITY LIMTED – ASX MCT, PANORAMIC RESOURCES LIMITED – ASX PAN, CITIGROUP PTY LTD