The Association of Mining and Exploration Companies (Amec) has lamented the recent decline in investment into Australia's resources sector

Gavin Wendt

MineLife

The Association of Mining and Exploration Companies (Amec) has lamented the recent decline in investment into Australia's resources sector. CEO Simon Bennison says around 65% of capital raised in 2013 had been spent overseas. Addressing delegates at the Amec Convention, in Perth, Bennison noted that spiraling production costs, frustration with land access issues and cost and delays associated with approvals processes had contributed to the decision of many Australian companies to head offshore, rather than develop local projects.


Gavin Wendt
Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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