APPEA

The Australian mining and energy sector drew a significant increase in investment in 2022, but a hoped-for green mining boom is currently a fantasy, with gas and coal still dominating the project pipeline, new bank research shows. A shift in focus to commodities needed for the energy transition would have to precede another super-cycle, but select opportunities exist.

In a special sitting Thursday, Parliament will vote on proposed price caps for coal and gas, which the government says will help curb soaring energy bills. Producers, which oppose the plan, have already seen their share prices drop.