Is the glorious investment state in Australia, temporary or permanent?

The Australian Bureau of Agricultural & Resource Economics & Sciences yesterday released the investment figures for April, which showed Western Australia accounted for 63 per cent of advanced capital expenditure, reflecting the significant oil and gas and iron ore developments in the state.

Planned investment in Australia's resources sector has hit a record $173.5 billion as new data reveals the sector will strongly outperform other industries, with an 86 per cent spending boost forecast for miners.

Australia has diplomatic relations with all 54 countries in Africa. Over two-thirds of those countries have mining activities underway and there is plenty of untapped potential in the sector. As a resource-rich country with substantial experience in both mining and development, Australia wants to assist African countries derive real and sustainable benefit from their mining sectors.

The mining market seems very glorious now, and it really is .However, some mineral manufactures wonder whether there will be a turnaround in mining investment if there is a decline in mineral prices over the next year or so.

“The manufactures don’t need to worry about the prospect of the market too much, because it’s the heyday of mineral prices now and there is much space for price falls before the overall viability of mining projects is seriously affect mining investment in Australia remained steady” Lu Hong Bo, a senior engineer of DSMAC, general manager of China Foundry Association, and wear-resistant castings vice president of branch said.