Mining capital spend continues to grow

PRIVATE new capital expenditure by the mining industry continued to trend strongly upward in the December quarter, according to the Australian Bureau of Statistics, with spending by the industry on buildings and structures up 5%, and on equipment, plant and machinery up 6%.

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This compared favourably with the corresponding actual expenditure trends for all industries, which were down 1.7% for buildings and structures, and up 3.1% equipment, plant and machinery.

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