Mining Construction Boom Ends in Two Years

The boom in mining construction throughout Australia could be over within two years, a new report has warned.

A report from leading economic research firm Deloitte Access Economics warns of a shrinkage in the number of new projects planned to go ahead amid rising industry costs and increasing global economic uncertainty.

With housing construction activity at near-decade lows and non-residential building experiencing subdued conditions, mining has been one of the few bright spots in the Australian construction sector in recent times.

Thanks largely to the resource sector, the dollar value of engineering construction work done throughout the country in the March quarter ($29.846 billion – seasonally adjusted) has risen by more than 35 per cent over the past year and is up by more than half in the past three years....

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