Australia sees mass exodus of drillers to Africa
Australia's drilling industry is in the doldrums following a large-scale exodus of companies to Africa in pursuit of surveying projects.
According to boutique drill producer XDR in Australian Mining, local drillers are heading to Africa in response to the introduction of policies by the Gillard government that had effectively 'killed' local mining.
"We're looking at moving into Africa. Most of our inquires come from over there now," company officials said.
"People are still drilling, but it's in Africa, not here. We'll be getting a distributor over there soon"
XDR's remarks come hot on the heels of Deloitte Access Economics's forecast that Australia's mining boom would only last for another two years.