SYDNEY - Australia is on the cusp of a new mining boom as record levels of exploration and investment fuel a wave of new projects.
Despite the pandemic leading to a lack of skilled workers and equipment due to border closures and supply chain breakdowns, this has not stopped massive growth for the resources sector. In the three months to December, mining firms spent a record A$974 million (S$940 million) on exploration and raised a record A$3.2 billion in equity, according to analysis by the research firm Austex Resource Opportunities.
Already a subscriber? Log in
Dive deeper at $0.99/month
Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.
ST One Digital Package - Monthly
$9.90 $0.99/month
No contract
$0.99/month for the first 3 months, $9.90/month thereafter. T&Cs apply.
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
2-week e-paper archive so you never miss out on any topic that matters to you