Mining earnings heading for peak

Original article by Sarah-Jane Tasker
The Australian – Page: 17 & 20 : 30-Sep-19

Resources Minister Matt Canavan says the latest Resources and Energy Quarterly report underlines the importance of mining to Australia’s economy, noting that the sector contributed a third of GDP growth in the June 2019 quarter. He has urged lenders to continue to provide financing for resources and energy projects, at a time when local mining companies intend to increase their annual investment expenditure for the first time in six years. The report forecasts that resources and energy exports will top $282bn in 2019-20, eclipsing the record $279bn in 2018-19.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE

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