The mining investment cycle has likely bottomed out after six years, the portents of recovery lie in a lengthening list of possible projects and a 20 per cent spike in exploration spending through financial year 2019.
The annual review of past, present and future resources investment plans, released by the official government forecaster on Thursday, reports that the value of committed resources projects as at October this year stood at $30 billion.
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Matthew Stevens writes on business, specialising in mining, energy and opinion. Matthew is a senior business writer and columnist. Email Matthew at matthew.stevens@afr.com.au
