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Mining investment slows but production ramps up

dump truckDespite a predicted sharp fall in mining investment, the mining sector will continue to be a positive driver of economic growth in Australia over the next five years, according to a new report from independent economic forecaster and industry analyst, BIS Shrapnel.

According to the Mining in Australia 2013 – 2028 report, mining investment, production, contractor services and employment will follow very different paths over the next five years.

The report claims, while the mining investment boom peaked in 2012/13 and is forecast to decline 20 per cent over the next five years, mining production is poised to grow 41 per cent over the same period, driving commensurate increases in mining operations activities, maintenance and exports.

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