Planned mining and energy investment has soared to a record $132.9 billion after commodity prices rebounded and key resources projects received the green light.
Figures reveal that mining and energy investments have risen to $132.9 Billion, a 21 percent increase from April.
The State Government says drilling has begun at the first site in Queensland to be tested for potential geothermal energy sources.
Explosives and chemicals group Orica has reported a 5 per cent lift in annual net profit, despite softer revenue, and the company expects further growth in fiscal 2011.
The company proposing a massive coal mine in Queensland's Galilee Basin says a large number of Asian companies are interested in thermal coal from the region.
David Lowell has made a habit of finding some of the richest deposits, writes Elliot Blair Smith.
Another boom ahead: Access Economics says this will be even bigger than the one between 2006 and 2008. (ABC News)