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Industry Reports - Mining and Heavy Industry Construction

BIS Shrapnel’s Mining and Heavy Industry Construction in Australia 2002-2017 report has forecast activity to peak in 2005-06, from a "massive upswing" in minerals investment.

The study found heavy industry construction - including mines and processing plants - doubled last financial year, 2001/02.

This is expected to increase by a further 40 per cent over the four years 2002-2006.

BIS Shrapnel lists initial drivers as petroleum projects in the Timor Sea and North West Shelf, the Gladstone alumina refinery, and strong investment in iron ore and coal mining.

Nickel, base metals and gold projects are also forecast to boost construction activity in the middle of the decade.

WA, Queensland, NSW and South Australia will attract "high levels" of secondary processing investment over the five years from 2002-03, senior consultant and author Nigel Hatcher says.

Capital raising is being made easier by mergers and acquisitions, and Australian producers are ranking as highly cost competitive, operating in many commodities in the lower half of the international cost curve.

 

Applications are due by March 28.

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