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Numbers don’t lie: Aussie capex drops, mining boom is over

Cecilia Jamasmie | May 30, 2013 | 4:04 pm Base Metals Energy Precious Metals Africa Asia Australia China Europe Latin America Coal Copper Gold Iron Ore Silver 

Contrary to what well-known analysts have said recently, data released Thursday by the Australian Bureau of Statistics show the mining investment boom is in its final days. Capital expenditure (capex) in mining basically peaked in mid-2012, stabilized over the following...

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