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1.Market Observations

28 Nov 2013 (TheAge) – Money dries up for resources projects after record $30b spend

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(28 Nov 2013, The Age, BusinessDay, p27, Brian Robins)

‘Falling commodity prices and rising costs have resulted in the lowest spending on new resource projects in more than a decade, with many projects either stalled or shelved. Rather, after the resources boom, the transition to production is under way, the latest review by the Bureau of Resources and Energy Economics has found. But declining prices amid a surge in output has weighed on proposed new spending.’

Read more at SMH.com.au

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