A major report from the Bureau of Resources and Energy Economics found there was $268.4 billion being spent on significant developments in the resources industry in Australia.
A major report from the Bureau of Resources and Energy Economics found there was $268.4 billion being spent on significant developments in the resources industry in Australia. Amy Coopes

Record amount of money being spent in mining industry

FORGET the gloom, the amount of cash being pumped into Australia's mining industry is still breaking records.

A major report released from the Bureau of Resources and Energy Economics found there was $268.4 billion being spent on significant developments.

This included 87 projects that were either in construction or about to start.

Of these, 51 were mines, 18 were gas and petrol ventures and 18 were considered infrastructure.

Within that headline figure are 11 "mega projects" worth more than $5 billion each and including liquefied natural gas developments near Gladstone and others in Western Australia.

In total, these super developments account for about 76% of that overarching figure.

The report found that in the past six months, 10 projects worth $13.2 billion were given the green light after a final investment decision.

The largest of these was for the second LNG train at the Australia Pacific LNG plant in Gladstone.


Bushfire reported near Glen Esk

Bushfire reported near Glen Esk

People in the area may be affected by smoke

Newly planted trees stolen straight out of soil in parklands

Newly planted trees stolen straight out of soil in parklands

The group planted 35 trees for National Tree Day earlier this year.

UPDATE: Fire sweeps through estimated 3000 hectares

UPDATE: Fire sweeps through estimated 3000 hectares

The fire is still burning, now hitting an estimated 3000 hectares

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