Australian Mines LTD (AMSLF)

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Australia's mining boom is far from over

Signs that the mining boom is continuing strongly

One of the first announcements of 2019 that indicated the mining boom is far from over was that of lithium mining companies in the Pilbara region. With plans for millions of dollars of investments into expansion, and more jobs being created, this is a strong indication of further growth in the years to come.

Eyes are also firmly on the Perth housing market, which shows a direct correlation between the mining boom and increased house prices. With prices sliding over the past four years, the Australian Financial Review predicts this year will see prices stabilise as the resources industry booms into the future.

Over in Queensland, several mining companies have been given the green light to explore parts of the state for resources. This includes following leads towards the finding of zinc, lead, copper and silver north of Mount Isa, and a search for coal, gas and minerals is taking place near existing mining regions.

There has also been a $75 billion investment into iron ore mining, the gas industry has announced expansions, and more money is being thrown into LNG and gold. This will result in the creation of thousands more jobs located in Western Australia.

And the positive signs don’t end there. Another indicator of a boom – or the continuation of the existing mining boom – is stock prices. Many experts are putting much faith into mining’s rising stocks, including some producers of gold and precious metals, as well as graphite and lithium.

There are many positive signs that the calls marking the end of the mining boom have been incorrect. The mining industry, it seems, is set to go from strength to strength in the coming years

There is no doubt that Australian Mines LTD (AMSLF) is one of those companies that will have a rising stock price for many years to come.

https://www.linxaustraliagroup.com.au/blog/the-mining-boom-is-far-from-over/