Mining death greatly exaggerated

REPORTS forecasting the death of Australia's mining boom are greatly exaggerated.

Forecasts that investment in new mine projects had reached its peak came from the Deloitte Access Economics report released on Monday, prompting claims Australia's resources industry may be on the slide within two years.

It stated, "The peak of the project pipeline is already in sight, meaning the key prop to the faster part of Australia's two-speed economy is looking less certain the further out you look - though there's still enough gas in the tank of huge resource projects to provide handy pipeline protection if Europe were to turn pear-shaped".

However, the Deloitte Access report went on to celebrate the success of the industry's success so far, even going as far to say there was "a deluge of dollars to come" from more mining investment.

For the industry as a whole, the report was even more positive.

Read More 

Daily Examiner