It turns out they are, just not in Australia. The ABARE numbers measure exploration spending within Australia. But many Australian-listed firms are looking for gold and uranium in other places, especially in Africa. They’re doing so because production costs are lower there, even if political risk is higher (although in some places, it’s more than acceptable for the projects on offer).
November 20th, 2009 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "aussie resources"
A $4 Trillion ‘Big Bang’
In The Monthly, Rudd plants a Neo-Marxist flag in the ground of the current debate with the kind of jargon-laden elitist preening that makes academic critics of the free market (who’ve never spent a day in the business world creating value) so nauseating. (…)Why not proclaim, since he is apparently in the position to make such proclamations, that the experiment in paper money and the deliberate policy of inflation it implies is theft?…
February 2nd, 2009 | Dan Denning | 21 comments | Continued
Australia’s Next Big Export Industry
It may seem like a strange time to be talking up the resources sector, but while everyone else is running away I’m nipping in through a side door to get onboard one specific area of the resources industry. I’m talking about energy. But it’s not oil that’s grabbed my attention. It’s something much more exciting and potentially much more profitable than that. So profitable in fact, that it could soon be Australia’s single largest export industry…
January 28th, 2009 | Kris Sayce | 4 comments | Continued
The Australian Resource Boom Isn’t Dead Yet
The liquidation of the short-dollar/long-commodity trade raises a simple question: what’s going to lead the market when it turns up next? Typically, the sector that led the last bull market hardly ever leads the next one. There are lots of reasons for this. But the simple one is that conditions for expanding earnings are never as good as they are when things are as good as they’ve ever been (as they tend to be at the height of a boom.) Financials have been pounded harder than resources.
August 19th, 2008 | Dan Denning | 2 comments | Continued
The Market Price for the Resources China Wants is Rising
Who is the predator and who is the prey? That is what we wonder today. Is China preying on BHP Billiton (ASX: BHP)? Or is BHP preying on Rio? Who are the barracudas and who are the minnows? First, the big fish. “With iron ore prices rising explosively,” says China’s National Development Reform Commission (NDRC), “many domestic firms are very enthusiastic about investing in overseas mines, which needs strengthened macro guidance from the country.”
April 17th, 2008 | Dan Denning | 5 comments | Continued