Markets

Wayne Swan Points to $268.4B Investment as Proof of Bright Prospects for Resources Sector

Treasurer Wayne Swan reiterated on Wednesday that Australia's mining boom is not yet over despite falling prices of commodities in the world market and lower demand. He cited the $268.4 billion investment to major resources projects that mining companies had committed in the last six months to October.

He pointed to a report by the Bureau of Resources and Energy Economics that the record amount of pipeline investments is broken down into 87 projects made up of 51 mining ventures, 18 gas and petroleum projects and 18 infrastructure projects.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos