Queensland’s mining share of total project work falling

Queensland’s mining share of total project work falling
25/05/2018 , by , in INTERNATIONAL

While the Queensland Major Projects Pipeline Report has shown a 58% increase in major project work during 2017/18, private sector investment, particularly in the mining sector, it is falling.

A report identified 190 major projects in the 2018 pipeline, with an engineering value of A$39.9-billion, compared with the 166 projects valued at A$39.1-billion in the 2017 pipeline.Of the projects currently in the project pipeline, some A$20.2-billion worth of projects are classified as public projects, with A$19.7-billion classified as private projects.

Meanwhile, mining investment nationally is expected to decline by about 78% from the 2013/14 peak, although mining equipment purchase and exploration has started to recover across most commodities.

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