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Deloitte: Unprecedented surge in mining investment

By Rob Starr, Content Manager,

The September 2012 issue of Investment Monitor saw the total value of projects in the database rise yet again.  The value of projects increased by $6.2 billion, or 0.7% from the June quarter, and has increased by a handy 3.7% over the past year.

Economic infrastructure (covering transport, ports, energy, water and telecommunications projects) has a notable investment agenda underway, including the roll-out of the NBN and major energy, transport and port projects.  The latter will help to support an expected lift in export volumes over the medium term following the expansion of mine capacity, though some of these projects are also at risk in the current environment.

Western Australia and Queensland still lead the way in terms of the value of projects in the Investment Monitor database.  Together the two States account for some 51% of projects.  In contrast, the share of projects contributed by New South Wales and Victoria continues to slide, now accounting for around 17% of total projects.  South Australia has also taken a notable hit to its investment portfolio over the quarter with the value of projects in the State falling from around 6% of the national total in the June quarter to 3% over the September quarter.

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