Gold, Batteries Driving New Growth Cycle in Australian Resources

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Gold, Batteries Driving New Growth Cycle in Australian Resources  Bloomberg
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Photographer: Carla Gottgens/Bloomberg Photographer: Carla Gottgens/Bloomberg

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The number of resources and energy projects under development in Australia rose by almost a fifth over the year to October, with mining companies still keen to unlock lucrative gold and battery minerals deposits despite the economic disruption caused by the pandemic.

There are now 335 major projects under development, an increase of 19% on the same period a year earlier, according to a list published by the Australian government on Monday, with the value of committed projects up 30% to A$39 billion ($28 billion). The value of gold and battery-related projects rose by 33% and 7% respectively, reflecting strong bullion demand and…
James Thornhill
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