Coal mining investment surges by 20%

THE coal mining industry has increased expenditure by 20% in 2017-18 to $4.9 billion, according to the latest figures by the Australian Bureau of Statistics.
Coal mining investment surges by 20% Coal mining investment surges by 20% Coal mining investment surges by 20% Coal mining investment surges by 20% Coal mining investment surges by 20%

The coal mining industry has increased expenditure by 20% in 2017-18 to $4.9 billion, according to the latest figures by the Australian Bureau of Statistics.

The data confirmed improving business sentiment in the mining industry with an overall rebound in capital expenditure in 2017-18, according to Minerals Council of Australia CEO Tania Constable.
 
"Increasing capital expenditure in the Australian mining industry is good news for jobs, regional communities and the broader mining equipment, technology and services sector," she said.
 
"Australia and Australians are benefiting from the mining production boom, including a long period of sustained higher exports and ongoing investment in the latest innovations driving productivity improvements across Australia's mines."
 
Total mining expenditure in Queensland for the year came to $8.6 billion and $1.9 billion in New South Wales, according to the ABS data.