Property Investment and the mining boom
Australian mining project investment to peak in 2014: ANZ
By Larry Schlesinger
Monday, 13 August 2012
ANZ forecasts mining projects to peak at around $37 billion in 2014 in its August Major Projects report.
Mining sector investment
Overall the bank expects infrastructure project investment to peak earlier in 2013 under revised projections, but to a higher peak.
“This largely reflects improved estimates of the timing of expected capital expenditure across years for the major LNG [liquefied natural gas] and coal projects,” says ANZ.
ANZ says the majority of infrastructure investment will be concentrated in the mining and energy sectors, with the investment pipeline across these two sectors totalling $380 billion between 2012 and 2016.
Given the concentration of investment in the mining and resource sectors and related infrastructure (i.e. ports,railways and harbours), the resource-rich states of Western Australia, Queensland and Northern Territory will receive the lion’s share – around 75%, or $450 billion – of the total investment expected over this time frame.