MANAGEMENT

Mining drives Australian capex up by 11%

Mining investment in Australia rose 5.6% in the September quarter, driven by strong spending on iron ore and battery-related mineral projects, the Australian Bureau of Statistics (ABS) said on Thursday.

Boom in Australian mining drives surge in capital expenditure

Boom in Australian mining drives surge in capital expenditure

The increase in mining capital expenditure (capex) was offset by a 1.3% fall in non-mining industries, the ABS said. Overall, private capex rose 0.6% in the September quarter, seasonally adjusted, to...

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