Mining article.

McKinsey Global Research (MGR) has released a monster new report entitled Reverse the curse: Maximizing the potential of resource-driven economies, which examines how countries with large resource endowments can handle them more effectively in order to bolster economic development.

According to MGR, there were 81 “resource economies” in 2011 accounting for 26% of global GDP. This was up from 58 “resource economies” in 1995, accounting for 18% of global GDP. And while most of these are developing nations – 69% of people living in extreme poverty are reportedly in “resource economies” – advanced developed nations like Australia, Canada, and Norway are also in the mix, with these high income nations receiving almost 90% of global resources investment.

Turning to Australia, MGR ranks the mining industry in the top six across each of its six areas of the resources value chain, suggesting that Australian mining is close to world’s best practice (see next table).

ScreenHunter_609 Dec. 06 10.24

That said, MGR does identify significant opportunities for improvement, particularly relating to operating costs in the LNG industry, which could be halved via a combination of government and industry action:

ScreenHunter_610 Dec. 06 10.42

Overall, it seems like a fair assessment of the current state of play in the Australian mining sector.Image


About ljgrealestate 据联大

Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085.
Aside | This entry was posted in ljgrealestate, Real Estate and tagged , , , , , , , , , . Bookmark the permalink.