Australia Resources Projects Scale High on Costs Vs U.S. Projects

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Australia's economic growth rate of 4.3 per cent in the year to March, driven by the mining boom, may be at risk of slowing down due to the high cost to complete resources projects in the country.

The Business Council of Australia ( BCA ) pointed out that a new study published on Thursday showed it costs 40 per cent more to complete resources ventures in Australia than in the U.S. Gulf Coast. The study blamed the higher cost to higher wages.

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This article appears in: Investing , Commodities

Referenced Stocks: BCA

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