Mining boom not even half over

Re-elected ALP member Craig Emerson.
Re-elected ALP member Craig Emerson.

AUSTRALIA is not even halfway through its mining investment pipeline, Trade Minister Craig Emerson says.

Resources Minister Martin Ferguson said earlier this week the mining boom was ''over'' in reference to commodity prices after BHP Billiton announced it would shelve its Olympic Dam expansion in South Australia.

Dr Emerson said investment in Australia's mining industry had been at 40-year highs and had grown at 20 per cent for the last 12 months.

''The truth of the matter though is we're not even halfway through the mining investment boom, let alone the production boom,'' he told ABC Television on Sunday. ''We've got a lot of projects still to be formally commenced but the investment is pouring into them.''

Prices had come off ''a bit'' but there was a strong investment pipeline still ahead, Dr Emerson said.


Topics:  craig emerson mining mining boom

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

'Conspiracy theory' comment cited as coal tussle reignited

Tanya Plant and Aileen Harrison celebrate a decision last month denying New Acland an environmental authority. But NAC has gone back to court, asking a judge to review last year's Land Court ruling on the same expansion plan.

Judge's 'robust' language a bone of contention 

How's the serenity? Coal battle blasts off

High-profile barrister Saul Holt QC, in red tie, is appearing for Oakey Coal Action Alliance, one of three defendants in the case New Acland has brought.

Comedy classic collides with New Acland coal battle

Armed robber shows legal eagle skills in battle for parole

Johnston argued it was wrong to refuse him parole.

He admitted doing 'terrible things to some innocent people'

Local Partners