Recently released market study: Australia Mining Report Q4 2013

With China's economy on course for a rude slowdown over the coming years, Australia's mining sector is set to suffer the painful spillover effects of a sharp investment slowdown. Already, the mining sector is feeling the crunch of plummeting commodity prices as a string of miners scale back their ambitions and slam the brakes on investment. We forecast the value of Australia's mining sector to reach US$181bn by 2017, growing at an annual average rate of 4.3% over our forecast period. This contrasts with an average growth rate of 23.3% per annum over the past decade.

Full Report Details at
- http://www.fastmr.com/prod/684708_australia_mining_report_q4_2013.aspx?afid=301

Australia has been among the biggest beneficiaries from the China-led commodities boom over the past decade, attracting huge amounts of investment into the minerals space. Driven by China's voracious appetite for key commodities such as coal and iron ore, the value of Australia's mining industry had increased by more than six-fold from US$24bn in 2003 to US$147bn in 2012. As a result, this has seen the sector's share of GDP rising from 4.5% to 9.6% over the same period. However, we believe the boom years in the mining industry is over. With China's economy on course for a rude slowdown over the coming years, Australia's mining sector is set to suffer the painful spillover effects of a sharp investment slowdown.

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