National | World | Economic History | Pop Eco | Interactive Articles

Neville Norman: ESSA Q&A Topics

Australia after the mining boom: what next?

To answer this question, the first thing is to get the descriptions right: The ‘mining boom’ is still going and will be for a long time yet.  It was mainly a boom in commodity prices and profits by value, not huge growth in quantities. That scene now changes as the supply potential of coal and iron ore especially have been expanded.  What slows down in the ratio of mining investment (i.e. capital expenditure) as a percentage of GDP and the production boom now follows.

Read more