Adam had this in the overnight session – a heads up in case you’ve missed it:
Investment boom in Australia back underway?
The iron ore investment boom in Western Australia is set to roll on, with more than $US10 billion in new investment by global giants BHP Billiton and Rio Tinto on the cards.
I think Adam is correct to ask the question and not just endorse the view of the media – the newspaper article he quotes is a little (a lot) on the optimistic side with saying the mining investment boom is going to ‘roll on’ on the basis of $10bn in investment. It may well, but this amount is a bounce in the downtrend at present.
