Productivity plug on project drain

COMPETITIVENESS and productivity measures must be introduced at government level to save the resources industry from project starvation, the Australian Mines and Metals Association has said.

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In the past six months, the resource investment pipeline declined by 14 projects worth at least $11.4 billion dollars.

The call came after the release of the federal government’s Resources and Energy Major Projects April 2015 report, with the data showing a failure to secure new investment to sustain the industry.