Carl Freer

Investment in new mining projects is at its lowest level in 10 years. In the six months to October, just three projects worth $597 million received a final investment decision and moved to the committed phase. This is the lowest number and value of projects committed in the sector in ten years, The Bureau of Resources and Energy Economics (BREE) said. The report stated that as of October there were 44 resource and energy projects with a combined value of $228 billion in the committed stage.

Joe Ray has joined Valor as Australian projects and programs manager, to further develop their growing portfolio of regional and national accounts within Australia, New Zealand and New Caledonia.

All manner of sins can be covered up by a bull market: exorbitant salaries, poor returns, bad projects, to name but a few. But, as has been clearly shown over the last few years, we are definitely no longer in a bull market and, some of the sins of the past have come back to haunt mining companies.