Wednesday, 22 May 2013

Clarke and Dawe on the budget and mining

Clarke and Dawe have really come into their own during this crisis...

and in case you missed it, the mining boom is well and truly over...

Australia's top commodities agency has detailed a year of woe for the local resources industry and joined the Reserve Bank in declaring the peak of investment in the sector.
The Bureau of Resources and Energy Economics revealed sharp rises in the number of projects suffering cost blowouts or deferrals, and a steep fall in exploration spending.
The findings will fuel perceptions that the resources boom is over and were released on the same day investment bank Citi said 2013 would mark the end of the ''commodities supercycle'' (here)
and here's a graphic from the SMH article:

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