Capital Expenditures for Metal Ore Mining Up in Australia During First Quarter
Australia's mineral exports continued to improve in the first quarter of 2021 as the world economy rebounded from the impact of COVID-19 pandemic. According to the Australian Bureau of Statistics (ABS), investment growth in the metal ore sector has been strong.
Strong prices for iron ore, gold and other minerals are leading to new investment plans, such as the redevelopment of historic mines, the refurbishment of processing facilities that are under care and maintenance, and the restarting of previously on-hold projects.
Industrial Info is tracking 768 active metal ore mining projects in Australia, totaling $66 billion in value. See ABS graph below.