Hear NAB’s senior expert panellists discuss a range of topics to provide key insights to help you and your business prepare for the current property market climate.
May 27, 2013
NAB Commodities: Update on BREE Resources & Energy Major Projects
The Bureau of Resources and Energy Economics’ (BREE) latest biannual update on the state of mining, infrastructure and processing facilities projects in Australia has provided further evidence that the peak in mining investment is quickly approaching.
- The Bureau of Resources and Energy Economics’ (BREE) latest biannual update on the state of mining, infrastructure and processing facilities projects in Australia has provided further evidence that the peak in mining investment is quickly approaching.
- While capital expenditure continues to occur at a rapid pace, with around $15.3 billion worth of projects progressing to the completed stage in the six months to April, much of this reflects the completion of ‘mega’ projects.
- With no new ‘mega’ projects added to the list of committed projects over the six months to April 2013, the outlook for completed projects is expected to fall away at a quickening pace over the next five years.
- While the investment pipeline remains enormous, there is a real risk that the rate of decline in capital expenditure will be more pronounced than previously anticipated, having a more severe impact on the Australian economy than currently forecast.
For further analysis download the full report.
