Australia: End of the mining gloom?
Published: Wednesday, 26 November 2014
The downturn of the global “commodities supercyle” and slowing raw material demand in China has been felt keenly in Australia’s resources sector. But while proponents of Australian mining admit the industry isn’t quite as mighty as it used to be, they say that there are still plenty of reasons to be positive Down Under, Siobhan Lismore-Scott, Editor and
Laura Syrett, Prices Editor, discover.
For most of the last decade, mining countries
around the world have regarded Australia with wide-eyed, if
faintly grudging, admiration.
As a mineral-rich, politically stable Western democracy with
a mature economy and skilled workforce on the doorstep of raw
material-hungry Asian economies, Australia was ideally placed
to net the rewards...