The number of new mining and energy projects in Australia continues to grow.
The Australian Bureau of Agricultural and Resource Economics reports that 97 projects worth A$70.5 billion are underway and a further 244 in the planning stages.
The growth is driven by high commodity prices due to increasing demand for coal, iron ore, oil, gold and other minerals.
As well as exploring new deposits, companies are spending more on developing existing deposits as global prices make extraction more financially viable.
New Zealand Trade and Enterprise (NZTE) continues to work with New Zealand companies that are trying to access opportunities in the Australian resources sector. |
