Record number of minerals and energy projects to add signicantly to Australia's Production and export capacity

摘要

The record number of minerals and energy projects that are currently committed to or under construction in Australia will add significantly to the sector's production and export capacity in the short to medium term. In addition, the significant number of large scale projects at less advanced planning stages that are under active consideration is expected to provide the platform for future sectoral growth in the medium term and beyond. It is important to recognize that the ability of Australia's minerals and energy sector to sustain its strong recent growth and expand its contribution to national economic performance in the medium and longer terms depends critically on the amount of investment in minerals exploration. Most of the strong growth in the minerals and energy sector of recent years, and most of the expected growth implicit in ABARE's list of planned projects, is underpinned by minerals exploration expenditure of the past decade.