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Downturn offers Australia an opportunity to capitalise on the next upswing in global resources demand

  •  17 February 2009
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Downturn offers Australia an opportunity to capitalise on the next upswing in global resources demand

THE QUEENSLAND Resources Council says many companies are taking advantage of the global downturn in a bid to dig up a piece of the action.

The Council claims the state should be more keenly focused than ever on developing industry infrastructure such as rail, ports, water and energy.

This will create new jobs and see Queensland much better placed than it was five years ago to take advantage of the next upswing in global resources demand.

Many miners are confident the Australian government will do its part in ensuring mining development continues so as the miners can literally dig the country out of the downturn.

One such miner is Waratah Coal which says it is confident its Goodwood and Kolan River projects will move forward to the drilling process despite the exploration permits not yet being approved.

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