Mining and heavy industry construction set to fall in 2010/11

摘要

Industry analyst and economic forecaster, BIS Shrapnel, is forecasting a decline in mining and heavy industry construction activity in 2010/11, the first such decline since 2004. According to BIS Shrapnel's Mining and Heavy Industry Construction in Australia, 2009/10 - 2023/24 report, overall mining and heavy industry construction is expected to fall 3 per cent in 2010/11. The mining and heavy industry sector currently accounts for 33 per cent of all civil construction work done during 2009/10 (25 billion dollars), up from 13 per cent (3.7 billion dollars) in 2000. "Despite further robust growth in oil and gas construction, led by the Gorgon LNG project, the completion of major alumina refineries, and iron ore and coal projects, as well as a slump in other mineral commencements through 2009 will drive a fall in work done in the coming year," BIS Shrapnel's infrastructure and mining unit senior manager, Adrian Hart said.