Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

Quantifying the mining CAPEX cliff - 2017 looks ugly

Livewire News

Livewire

Quantifying the mining CAPEX cliff - 2017 looks ugly. Lower commodity prices are expected to contribute to a big fall in spending on major projects over the next three years, adding to the drag on the economy from poor business and consumer confidence. With big mining and energy projects being shelved or completed, an ANZ report on major projects for 2015 said the combined spending on projects worth more than $100 million will fall from $88 billion last year to $32 billion in 2017... The mining states of Western Australia and Queensland are set to be the hardest hit as plunging commodity prices kill off the prospect of any new iron ore or coal projects in the short term. Western Australia's capital works spending is set to fall to $4 billion in 2017 after a high of $43 billion in 2013. Queensland is set to tumble even further to $1 billion in 2017 from a little under $30 billion in 2013. Full article (paywall) (VIEW LINK)


Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.